We just graduated dental school and started work a few months ago. We bought an affordable home ($230k) using a physicians loan with a 15 year 3.25% rate, and the only other debt we have is $51k in student loans that I just refinanced with CommonBond at 2.2%. We're living well below our means and are saving as much as we can toward retirement.
I'm looking for some feedback on what to do with the $50,000 cash from our prior home sale. With the rates so low on the mortgage and student loans, I don't really feel like paying those down as there has to be a better use for the capital. I'm currently debating between using the $50k cash toward a downpayment on a positive cash-flowing duplex near where I work, or investing the money in a long-term mutual fund for retirement. I'd love to get any feedback on the potential pros and cons of each option. Thanks!
I'm looking for some feedback on what to do with the $50,000 cash from our prior home sale. With the rates so low on the mortgage and student loans, I don't really feel like paying those down as there has to be a better use for the capital. I'm currently debating between using the $50k cash toward a downpayment on a positive cash-flowing duplex near where I work, or investing the money in a long-term mutual fund for retirement. I'd love to get any feedback on the potential pros and cons of each option. Thanks!
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