Refinancing Your Mortgage As You Invest In Tech Stocks
A lot of people would agree to the fact that they’re currently living in strange economic times. You may have witnessed the quarter-point incremental rises over the last couple of years yet interest rates remain at rock bottom. While on the other hand, there are some economic sectors that are said to be booming – the tech industry for instance.
As what people say, history repeats itself, but others would rather say it rhymes. And you might not believe it but we’re actually considered to be one of those “rhymes” that they say. Why? Take a look at interest rates and tech stocks. This can be evidenced by the interest rates as well as tech stocks. The interest rates back the late 90’s were comparatively low but what’s booming before were the tech stocks. If you’ve been paying attention, the same event is happening right now, although there’s no certainty that we’re also headed for another bubble.
Mortgage Interest Rates Do Not Exceed 3.9 Percent
The question now that average investors are probably thinking is whether it would be better for them to refinance their mortgage just so they can take advantage of possibly higher returns that other areas of the economy can provide. A lot of people would like to think that the tech boom in the 90s was a false start. But now in 2017, seems like the initial hype regarding the huge benefits of digital technologies to change lives will finally come to fruition.
The main reason why it would be best that you should at least take into consideration going to your mortgage broker so that you can refinance is that the potential benefit with the latest digital tech is quite huge. Provided that engineers all around the globe is able to crack the code of artificial intelligence, then there’s one thing that’s sure to happen which is the fact that companies that got their hands on the technology will never fail to make exponential returns. They won’t settle for just human strength and capabilities to innovate: they’ll actually make use of the machines that can think a million times faster not to mention that these machines do not sleep at all.
There are also a lot of other advantages that refinancing off you aside from providing you capital for investment. For instance, you can actually choose refinancing deals including one that allows you to have a fixed rate mortgage for the first few years with low interest rates. Moreover, with the very low rate of interest, you’ll surely find it silly to simply keep all your capital bound up inside your home rather than working for you.
Predictions in Tech Stock
When talking about tech stocks, you have the reason to believe that sky’s the limit. Another huge advantage that technology has to offer is that major companies are now seeing their true value and sooner or later this will ricochet across the entire industry.