Home › Forums › Financial Markets/Economics › Get ready for even lower interest rates…. › CA renter wrote:GH wrote:The
[quote=CA renter][quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!
First you want to be able to pay the loan off at some point
Second you want as much interest deduction as possible on your tax return
Third you want the LOWEST possible purchase price.[/quote]
Precisely, GH.[/quote]
You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!
It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”
Both passages to live by in the Bible of Real Estate. . .
