Boat Loan Second Home
by on Thursday, May 27th, 2010 | No Comments
Better to pay down debt or invest at a faster pace?
I have $ 45K. I can pay off the Boat (a fast depreciation of assets) that is currently at 7% mortgage, or I can invest the $ 45K and earn 9% over the same period (5 years). Which option should I choose? Interest on loan the boat is being deducted as a second home. It seems obvious to me that it is better to invest the money, take the write off, and keep the difference, but I want to be sure.
Payoff boat and then take all you pay each month and put that toward the investment.
Jamestown Settlement – Williamsburg, United States (jamestown\, jamestown games for kids)
