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The Ultimate Guide to Loans

Invest In Tech Stocks By Refinancing Your Mortgage

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 the saying goes, history repeats itself, but more other people would say that it actually 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. You can clearly say it is so because of the interest rates and tech stocks. The interest rates back the late 90’s were comparatively low but what’s booming before were the tech stocks. The same is happening again these days, although nobody can be certain that we’re going straight for another bubble as well.

Mortgage Interest Rates Do Not Reach 3.9Percent

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 this year, it seems like the hype before regarding the power of digital technologies that will supposedly change our lives will indeed come into 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. If engineers are able to crack the code of artificial intelligence, then there’s absolutely no doubt that companies around the world that has the technology will make exponential returns. They will no longer have to settle to just the human mind and strength to innovate: they can actually take full advantage with the machines they got which could think a lot faster compared to humans and they don’t even have to sleep.

The Major Benefits of Refinancing

There’s much more advantages that you can actually enjoy with refinancing aside from the mere fact that it provides for your investment. For instance, there are quite a lot of refinancing deals out there that you could choose which offers you the option to go for a fixed rate mortgage with reasonably low interest rates for the first few years. 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 it comes to tech stocks, the sky is really the limit. The best thing about technology is that it’s already being felt in major companies yet it is something that is sure to ricochet across the whole industry.