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Updated over 6 years ago on . Most recent reply

User Stats

131
Posts
138
Votes
Gareth Fisher
  • Manheim, PA
138
Votes |
131
Posts

Debt Paying strategy

Gareth Fisher
  • Manheim, PA
Posted

Im looking for creative ways to accelerate my mortgage.     

I don't want to use my cash all at once, because I want to keep my reserves high.

So I'm looking at ways of getting cheap cash.   Im thinking of taking a cash advance of about 10k from a cc, and putting it towards one of my newer mortgages.    Then transferring the balance to a 0% apr 18 month cc.  Then pay it off in the 18 months.    From what I have calculated it would save me 32k in interest.

Most Popular Reply

User Stats

131
Posts
138
Votes
Gareth Fisher
  • Manheim, PA
138
Votes |
131
Posts
Gareth Fisher
  • Manheim, PA
Replied
Originally posted by @Josh Mitchell:

@Gareth Fisher use your cash to buy more properties so other people pay your mortgage and you don't have any issue.... 

 I have to currently personally garuntee these mortgages.  Giving the world economy is being supplemented by fake money from the feds.   I don't feel very comfortable taking on any more debt at this time.

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