The $150k loan at 15% is generally healthier, as you have increased ability to pay off the principle early by making more than the minimum payments during good times.
The larger principle is only a benefit if you will actually see that money by selling the home. Given that everybody needs a place to live, this will only occur if you sell and retire to a low resource area. Everybody else can only look at the illiquid funny money and pretend.
Never mind that the larger valuation provides a juicier target for eg real estate taxes.
The larger principle is only a benefit if you will actually see that money by selling the home. Given that everybody needs a place to live, this will only occur if you sell and retire to a low resource area. Everybody else can only look at the illiquid funny money and pretend.
Never mind that the larger valuation provides a juicier target for eg real estate taxes.