Search found 12 matches

by wanderer829
Tue Jan 26, 2021 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or invest?
Replies: 11
Views: 1033

Re: Pay off Debt or invest?

Hi All, I am curious how would boggleheads approach this problem and what would be the right approach? I have couple of foreign debts in India below are the details, a) original loan amount INR 7,500,000(USD 104,166).Prepaid some principal and outstanding principal of INR 3,300,000(USD 45,833) for ...
by wanderer829
Tue Jan 26, 2021 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or invest?
Replies: 11
Views: 1033

Re: Pay off Debt or invest?

Please any pointers would be of great help. I look at questions like this (which come up quite frequently on the forum) by asking myself, "Would I go down to the bank and take out a second mortgage on my house so I could turn around and invest the money in the stock market?" Since the ans...
by wanderer829
Tue Jan 26, 2021 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or invest?
Replies: 11
Views: 1033

Re: Pay off Debt or invest?

Keep enough taxable for your emergency fund and pay off debt as soon as possible. I would never invest in taxable while carrying debt at 9%--or debt at any percent for that matter. Yes, I follow Dave Ramsey and excluding his investment choices he gives good advice on handling debt. Good luck! Thank...
by wanderer829
Tue Jan 26, 2021 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or invest?
Replies: 11
Views: 1033

Re: Pay off Debt or invest?

Lee_WSP wrote: Tue Jan 26, 2021 10:20 am If you're paid in dollars, what does the Indian inflation rate have to do with anything?
Ah I was overthinking I guess if inflation is high my understanding was rupee would depreciate quickly against USD
by wanderer829
Tue Jan 26, 2021 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or invest?
Replies: 11
Views: 1033

Re: Pay off Debt or invest?

Brianmcg321 wrote: Tue Jan 26, 2021 10:18 am Those are crazy high interest rates. Pay them off ASAP. You are not likely to get those kind of returns risk free.
Thank you for your suggestions , I will focus on closing them immediately
by wanderer829
Tue Jan 26, 2021 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt or invest?
Replies: 11
Views: 1033

Pay off Debt or invest?

Hi All, I am curious how would boggleheads approach this problem and what would be the right approach? I have couple of foreign debts in India below are the details, a) original loan amount INR 7,500,000(USD 104,166).Prepaid some principal and outstanding principal of INR 3,300,000(USD 45,833) for 1...
by wanderer829
Tue Jan 26, 2021 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Whether to prepay a housing loan in India
Replies: 4
Views: 584

Re: Whether to prepay a housing loan in India

I just took out a housing loan in India for my parents, and as per the terms I can pre-pay loan amounts at any time without penalty. I am trying to figure out when this makes sense, and am getting confused because there are competing factors I don't know how to assess. I earn dollars and convert cu...
by wanderer829
Tue Jan 26, 2021 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Whether to prepay a housing loan in India
Replies: 4
Views: 584

Re: Whether to prepay a housing loan in India

I just took out a housing loan in India for my parents, and as per the terms I can pre-pay loan amounts at any time without penalty. I am trying to figure out when this makes sense, and am getting confused because there are competing factors I don't know how to assess. I earn dollars and convert cu...
by wanderer829
Sat May 09, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10053
Views: 710961

Re: Refinance Mega Thread

Thank you will check it out ... Also one question If i anticipate rate drop and refinancing again soon shouldn't i take the maximum lender credit at 3.25? If you are definitely refinancing soon then sure, you can take max cash from this deal and then just do it again. But if you don't end up refina...
by wanderer829
Sat May 09, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10053
Views: 710961

Re: Refinance Mega Thread

Team, First time posting here, need help in choosing one of the 3 options provided by Better for refinance, recent home buyer and first time refinancing so confused which option to choose? LTV - 93% Credit score - 780 current Interest - 3.99% current PMI- 67 Remaining Months - 354 Loan balance - 32...
by wanderer829
Sat May 09, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10053
Views: 710961

Re: Refinance Mega Thread

Team, First time posting here, need help in choosing one of the 3 options provided by Better for refinance, recent home buyer and first time refinancing so confused which option to choose? LTV - 93% Credit score - 780 current Interest - 3.99% current PMI- 67 Remaining Months - 354 Loan balance - 32...
by wanderer829
Sat May 09, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10053
Views: 710961

Re: Refinance Mega Thread

Team, First time posting here, need help in choosing one of the 3 options provided by Better for refinance, recent home buyer and first time refinancing so confused which option to choose? LTV - 93% Credit score - 780 current Interest - 3.99% current PMI- 67 Remaining Months - 354 Loan balance - 320...