Comments on: Reader Question: Should $15,000 be invested in P2P Lending or in a Better Mortgage?

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[...] hit home for me recently in an e-mail exchange I had with a reader. In a recent post about peer-to-peer lending, I made a [...]

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Wed, 07 May 2008 11:17:56 +0000

[...] hit home for me recently in an email exchange I had with a reader. In a recent post that discussed peer to peer lending, I made a mistake. I spelled principal (as in principal and interest) with a “ple” at [...]

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The 55th Carnival of Money Stories - Tax Day Edition — The Baglady — Tue, 15 Apr 2008 05:03:11 +0000

[...] Dough Roller presents Reader Question: Should $15,000 be invested in P2P Lending or in a Better Mortgage? posted at The Dough [...]

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Sun, 06 Apr 2008 15:17:06 +0000

[...] The Dough Roller: Should $15,000 Be Invested in P2P Lending or a Better Mortgage? [...]

By: Sunday Money Roundup - Back To New Mexico Edition. | My Two Dollars

Sunday Money Roundup - Back To New Mexico Edition. | My Two Dollars — Sun, 06 Apr 2008 14:01:42 +0000

[...] The Dough Roller gets a question from a reader – Invest $15,000 in P2P lending or in a better mortgage? [...]

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Thu, 03 Apr 2008 13:01:24 +0000

[...] Roller presents Reader Question: Should $15,000 be invested in P2P Lending or in a Better Mortgage? posted at The Dough [...]

By: AJC @ 7million7years

AJC @ 7million7years — Tue, 01 Apr 2008 01:25:41 +0000

It’s not even a close call … I would consider speculating in the P2P market with $15k as that is a tiny part of my portfolio, but even then I would question the risk/reward against plenty of other opportunities.

Fixing the rate and aiming to keep the house forever would be great … even better, turn it into a rental and move into a lower-rent house or apartment until the housing market and her finances recover ..

…. she’ll come out at the end of 3 – 5 years with an asset for life and a significantly improved financial profile.

By: stngy1

stngy1 — Mon, 31 Mar 2008 23:21:54 +0000

NO, NO, NO to taking a chunk like that and investing in the [now] very risky P2P lending market!
Amen to refi’ing. If the home value goes up, one could always refi again with a bit more leverage, if it goes down, you are so stuck. 2010 is not that far way, particularly in this market, where values are still plumating and it may take until 2010 to stabilize.
Just my opinion–no financial education, just some common sense.