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Originally Posted by chiefzilla999
FHLB Topeka. Look there for info. I tried to post a link but I'm new and CP won't let me.
Applies to folks in Kansas, Colorado, Nebraska, Oklahoma. You need to live there at least 5 years for full benefit which you should any way if you're buying a house. If you move after 3 years you'd lose 2K of the grant. You must make under a certain amount, etc.
That's one way to look at it but you also have to look at the opportunity cost (Can I make more than 2.50% in the stock market instead of paying extra on the mortgage?)
Thank you sir. Hoping to close on it this month.
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Hard to argue against making an extra payment or so each year, or a little extra each month. Most would agree though paying off a house all at once if you're in a position to is less profitable than investing that money, especially at that rate.