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Topic	Should I take a lump sum of 195k 300k over monthly installments?
bigblu89 02/08/22 1:53:57 PM #18:	It really depends on what your current situation is, monetarily. To use myself as an example, neither amount would really change much for me. I could probably use the lump sum to pay off my mortgage, and then take the $1700 monthly I was using towards my mortgage to invest. But it's really no different than just taking the lump sum and investing it. But if you're just making it out there on your own, $195K would put a significant dent in a first time home purchase. Or basically using that monthly payouts to pay the mortgage and have a 4-5 year mortgage instead of a 15-30 year one. --- It takes zero effort to be a good person. <cite>bigblu89 posted [p:962469803] in Should I t... [t:79889721]...</cite> <quote>It really depends on what your current situation is, monetarily. To use myself as an example, neither amount would really change much for me. I could probably use the lump sum to pay off my mortgage, and then take the $1700 monthly I was using towards my mortgage to invest. But it's really no different than just taking the lump sum and investing it. But if you're just making it out there on your own, $195K would put a significant dent in a first time home purchase. Or basically using that monthly payouts to pay the mortgage and have a 4-5 year mortgage instead of a 15-30 year one. --- It takes zero effort to be a good person.</quote> ... Copied to Clipboard!
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