There are some home loans floating out there from 2003-2004 that are at Lower rates then current CDs. I have two such loans. I have a fully amortized 15yr loan fixed at 4.75%, so I don’t make any extra payment into principle. I also have a 3.75% IO loan that will reset in a couple of years. Both of these loans are First loans (no seconds). I’m the type that likes to make extra principle payments, so for now I just put money into my high yield checking @4.75% min. balance 20K. I also have a couple of CD’s @5-5.25%. Then when the loan resets I will make a large payment to pay down the loan. This also works for car loans. If you can get a HELOC for the same rate as a car loan, it would be better to use the HELOC because you get a tax break.
