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What's the catch
http://savinghomeownerstips.com/home4/
-- Respectfully submitted by Justan Laugh of the day from Krause "I'm not to blame anymore for the atmosphere in here. I've been "born again" as a nice guy." |
What's the catch
On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat
wrote: http://savinghomeownerstips.com/home4/ Just be sure you are not getting clipped by fees. I did a refi on my condo years ago and went the other way. Instead of making lower payments or taking out cash, I went up on my payments and reduced the number of them a lot. I ended up paying it off in about 9 years. Just make sure there is no penalty for early payments and throw your left over lunch money at the principal. |
What's the catch
On Mon, 17 Aug 2015 13:14:14 -0400, Justan Olphat
wrote: On 8/17/2015 1:53 PM, wrote: On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat wrote: http://savinghomeownerstips.com/home4/ Just be sure you are not getting clipped by fees. I did a refi on my condo years ago and went the other way. Instead of making lower payments or taking out cash, I went up on my payments and reduced the number of them a lot. I ended up paying it off in about 9 years. Just make sure there is no penalty for early payments and throw your left over lunch money at the principal. We did the same years ago without refinancing. Just double up on the payments if you can afford it. You still might want to exploit lower interest rates. I had a Carter era mortgage and I wanted out of that abusive rate. There may not be as much swing these days but a few points might be worth doing. That usually happened to folks with ARMs who could not sell their house before it kicked up. You might really have some money to save. |
What's the catch
On 8/17/2015 2:39 PM, wrote:
On Mon, 17 Aug 2015 13:14:14 -0400, Justan Olphat wrote: On 8/17/2015 1:53 PM, wrote: On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat wrote: http://savinghomeownerstips.com/home4/ Just be sure you are not getting clipped by fees. I did a refi on my condo years ago and went the other way. Instead of making lower payments or taking out cash, I went up on my payments and reduced the number of them a lot. I ended up paying it off in about 9 years. Just make sure there is no penalty for early payments and throw your left over lunch money at the principal. We did the same years ago without refinancing. Just double up on the payments if you can afford it. You still might want to exploit lower interest rates. I had a Carter era mortgage and I wanted out of that abusive rate. There may not be as much swing these days but a few points might be worth doing. That usually happened to folks with ARMs who could not sell their house before it kicked up. You might really have some money to save. Mortgage free for going on 16 years. I'm sure my credit rating suffers for it but IDGAS. ;-) -- Respectfully submitted by Justan Laugh of the day from Krause "I'm not to blame anymore for the atmosphere in here. I've been "born again" as a nice guy." |
What's the catch
On 8/17/2015 1:39 PM, wrote:
On Mon, 17 Aug 2015 13:14:14 -0400, Justan Olphat wrote: On 8/17/2015 1:53 PM, wrote: On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat wrote: http://savinghomeownerstips.com/home4/ Just be sure you are not getting clipped by fees. I did a refi on my condo years ago and went the other way. Instead of making lower payments or taking out cash, I went up on my payments and reduced the number of them a lot. I ended up paying it off in about 9 years. Just make sure there is no penalty for early payments and throw your left over lunch money at the principal. We did the same years ago without refinancing. Just double up on the payments if you can afford it. You still might want to exploit lower interest rates. I had a Carter era mortgage and I wanted out of that abusive rate. I wanted to say me to, but I checked, mine was in the early years of Reagan. 30 year mortgages were running 16-3/4%. We opted for a 13-3/4% with a 3 year balloon payment. Don't know what we did at the balloon time, but it all worked out, we used that first house as a rental until we sold it. Mikek --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus |
What's the catch
On 8/17/2015 5:09 PM, Justan Olphat wrote:
On 8/17/2015 2:39 PM, wrote: On Mon, 17 Aug 2015 13:14:14 -0400, Justan Olphat wrote: On 8/17/2015 1:53 PM, wrote: On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat wrote: http://savinghomeownerstips.com/home4/ Just be sure you are not getting clipped by fees. I did a refi on my condo years ago and went the other way. Instead of making lower payments or taking out cash, I went up on my payments and reduced the number of them a lot. I ended up paying it off in about 9 years. Just make sure there is no penalty for early payments and throw your left over lunch money at the principal. We did the same years ago without refinancing. Just double up on the payments if you can afford it. You still might want to exploit lower interest rates. I had a Carter era mortgage and I wanted out of that abusive rate. There may not be as much swing these days but a few points might be worth doing. That usually happened to folks with ARMs who could not sell their house before it kicked up. You might really have some money to save. Mortgage free for going on 16 years. I'm sure my credit rating suffers for it but IDGAS. ;-) I'm not so sure that is hurting you. I haven't had a mortgage for about 22 years nor have taken out any loans. I wondered what this did to my credit score, I went to CreditKarma and signed up. The only thing that showed up was my credit card and my score was 785. So I don't think a lack of mortgage will hurt you. Mikek --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus |
What's the catch
On Mon, 17 Aug 2015 18:09:15 -0400, Justan Olphat
wrote: On 8/17/2015 2:39 PM, wrote: On Mon, 17 Aug 2015 13:14:14 -0400, Justan Olphat wrote: On 8/17/2015 1:53 PM, wrote: On Mon, 17 Aug 2015 09:35:06 -0400, Justan Olphat wrote: http://savinghomeownerstips.com/home4/ Just be sure you are not getting clipped by fees. I did a refi on my condo years ago and went the other way. Instead of making lower payments or taking out cash, I went up on my payments and reduced the number of them a lot. I ended up paying it off in about 9 years. Just make sure there is no penalty for early payments and throw your left over lunch money at the principal. We did the same years ago without refinancing. Just double up on the payments if you can afford it. You still might want to exploit lower interest rates. I had a Carter era mortgage and I wanted out of that abusive rate. There may not be as much swing these days but a few points might be worth doing. That usually happened to folks with ARMs who could not sell their house before it kicked up. You might really have some money to save. Mortgage free for going on 16 years. I'm sure my credit rating suffers for it but IDGAS. ;-) I haven't had a mortgage for over 20 years. I paid for this house over 30 years ago. I haven't had a car payment since the Nixon administration and I am not sure I ever paid interest on a credit card or any other revoling credit interest. My credit score was 830 when we bought the Lincoln. (the last time anyone told me what it was.) |
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