Topline 0 Report post Posted November 1, 2020 Hi, Someone told me that I should take a higher mortgage loan on my property at interest rate of 1.3% p.a., cos I can use my excess cash to invest and anything I invest higher than 1.3%, eg 1.4%, I would have earned using the money the bank “lent” me on the mortgage loan. Is this calculation right? If the mortgage loan is at 1.3% p.a, is that the effective rate? How to calculate effective rate? Thanks! Quote Share this post Link to post Share on other sites
Brandcalfe 0 Report post Posted Wednesday at 06:00 PM There are online calculators that select the best profitable option for you. Use it. Quote Share this post Link to post Share on other sites
Sonilor 1 Report post Posted Thursday at 07:08 PM On 1/20/2021 at 8:00 PM, Brandcalfe said: There are online calculators that select the best profitable option for you. Use it. Right, agree with you. Quote Share this post Link to post Share on other sites
