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      03-15-2013, 11:13 AM   #76
e90 newbie

Drives: 2006 330i
Join Date: Jul 2005
Location: Northern NJ

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2006 330i  [0.00]
I'm going to be a contrarian and say that a decent debt to income ratio is about 1 to 1.

Caveat - For a home mortgage.

Interest rates are at an all time low. 15 year rates are less than 3%. Take into account that mortgage interest is tax deductable and its an absolute no brainer.

It makes sense to carry a mortgage loan and use the extra cash flow to invest in the market (at least for the last several years- during this bull run)

Credit card rates are fool's money. If you have the ability, roll them up and take out a home equity loan to pay them off. Pay off the HELOC and reap the benefits of a tax deduction.
E90 TiAg 330i ZSP, ZPP, ZCW 6sd Manual, Nav & Satellite (for Stern!), Black leather w/ Poplar

Last edited by MCS; 03-15-2013 at 11:19 AM. Reason: spell check