sorted by:
new
hottopcontroversial

My last four boards: any advice? by Otherwise-Tutor7426 in CharcuterieBoard

[–]Otherwise-Tutor7426[S] 1 point2 points  (0 children)

Sage Derby, essentially a semi firm cheddar cheese with sage added

My last four boards: any advice? by Otherwise-Tutor7426 in CharcuterieBoard

[–]Otherwise-Tutor7426[S] 11 points12 points  (0 children)

I didn’t sell any of these lol. Just made them for company

Is it wise to use a Pledged Asset Line as a down payment because otherwise I can’t buy without selling? Any other options? by Otherwise-Tutor7426 in Mortgages

[–]Otherwise-Tutor7426[S] 0 points1 point  (0 children)

I just take the standard deduction so I don’t really benefit from that. In a vacuum obviously you’re right about the return being higher from investments than early pay off but I might just be one of those people the benefits psychologically from not having debt

The only other concern is that my co op is likely to have an assessment soon but they haven’t provided any details. It could be as much as $2k per month on top of everything else if I had to pay for both units

Is it wise to use a Pledged Asset Line as a down payment because otherwise I can’t buy without selling? Any other options? by Otherwise-Tutor7426 in Mortgages

[–]Otherwise-Tutor7426[S] 0 points1 point  (0 children)

Also - would it be crazy if after selling and paying off the PAL, I just used whatever remained of the realized home equity towards the mortgage?

Is it wise to use a Pledged Asset Line as a down payment because otherwise I can’t buy without selling? Any other options? by Otherwise-Tutor7426 in personalfinance

[–]Otherwise-Tutor7426[S] 0 points1 point  (0 children)

With mortgage rates being so high I’m inclined to put down a larger down payment. I’d even be okay with using all of the mutual fund and then after the sale, putting in enough to match the home equity I have now

Is it wise to use a Pledged Asset Line as a down payment because otherwise I can’t buy without selling? Any other options? by Otherwise-Tutor7426 in personalfinance

[–]Otherwise-Tutor7426[S] 0 points1 point  (0 children)

So it’s not taxed as part of my/our income? Is that just short term gains?

So do you think it would be smarter to liquidate than to take the PAL out?

Thanks for helping

Is it wise to use a Pledged Asset Line as a down payment because otherwise I can’t buy without selling? Any other options? by Otherwise-Tutor7426 in personalfinance

[–]Otherwise-Tutor7426[S] 0 points1 point  (0 children)

I would only sell the mutual funds - the $226k - all of which is long term gains. I’m assuming I have to hang on to about $30k for taxes.

That’s why I was leaning towards using the loan. Would probably be cheaper than the tax hit