Comments on: “Peace of Mind” bill http://www.whytheheck.com/2009/06/05/peace-of-mind-bill/ Sun, 05 Feb 2012 22:39:16 +0000 http://wordpress.org/?v=2.7 hourly 1 By: dblacklock http://www.whytheheck.com/2009/06/05/peace-of-mind-bill/comment-page-1/#comment-938 dblacklock Sat, 05 Dec 2009 21:03:16 +0000 http://www.thinkoob.com/?p=568#comment-938 Atg different times, I paid off credit card loans for 2 of my grown sons to get them out of 16+% interest. They both thanked me profusely, then they and their wives proceded to do it again. I still think yours is a good idea. Not everybody raises such low learners. DB Atg different times, I paid off credit card loans for 2 of my grown sons to get them out of 16+% interest. They both thanked me profusely, then they and their wives proceded to do it again. I still think yours is a good idea. Not everybody raises such low learners.

DB

]]> By: Tooz http://www.whytheheck.com/2009/06/05/peace-of-mind-bill/comment-page-1/#comment-837 Tooz Tue, 09 Jun 2009 16:37:57 +0000 http://www.thinkoob.com/?p=568#comment-837 Would you suggest any restrictions on refinancing after the pay-off? If that was allowed and I had the 401k/IRA funds, I would pay 15% in taxes and pay my house off. Then I would refinance at the current 5% or so, pay off car (8%), student (7%) and credit card (12%+) loans, deduct the mortgage interest and closing costs, and invest the rest to make up the 15% taxes in 1-3 years. Terrific idea! Would you suggest any restrictions on refinancing after the pay-off?

If that was allowed and I had the 401k/IRA funds, I would pay 15% in taxes and pay my house off. Then I would refinance at the current 5% or so, pay off car (8%), student (7%) and credit card (12%+) loans, deduct the mortgage interest and closing costs, and invest the rest to make up the 15% taxes in 1-3 years. Terrific idea!

]]> By: thinkoobfan http://www.whytheheck.com/2009/06/05/peace-of-mind-bill/comment-page-1/#comment-836 thinkoobfan Tue, 09 Jun 2009 14:23:21 +0000 http://www.thinkoob.com/?p=568#comment-836 Defintiely better to borrow from themselves than from other people Defintiely better to borrow from themselves than from other people

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