Mortgage Renegotiation - Page 6

xoxoxoBruce · 01-21-2010, 04:55 PM

Quote:

Originally Posted by classicman

Link
More of an FYI than anything else.

Not mine, I don't have a mortgage, but thanks.

classicman · 01-21-2010, 05:02 PM

Not you specific, just in general. You mortgage is paid off isn't it? I thought you said or implied that somewhere.

xoxoxoBruce · 01-21-2010, 05:35 PM

I know, just being a smartass.
Yes I have no mortgage. The first couple years, when the principle was peanuts, I paid double principle. I had about 12 years to go on a 30, and I refinanced to lower the interest rate. They said it would lower my payment, but I told them I didn't want to do that. So one day I get a letter saying my last payment would be... surprised the shit out of me, because it's habit, pay the mortgage every month and don't even think about the end... that's like future, way off, someday. Then that day comes and you say, Oh fuck, where'd my life go?

Pie · 01-21-2010, 05:40 PM

Yeah, we've got a 15-year mortgage, which seems pretty short. But I'll be 50 before we pay it off!

Happy Monkey · 01-21-2010, 06:13 PM

I paid my 30-year off in 7.5.

Of course, it's a one bedroom condo.

squirell nutkin · 01-21-2010, 09:41 PM

I'll be 79 ish when I pay my mortgage off.

glatt · 01-22-2010, 07:50 AM

I think we pay ours off around the same time I retire.

TheMercenary · 01-22-2010, 09:11 AM

If you ever get the chance to Refi glatt do it. Best thing we ever did. 30 to a 15 and we only owe 7 years. So any time I sell now will be a much bigger profit.

kerosene · 01-22-2010, 09:32 AM

Quote:

Originally Posted by lumberjim

YEAH...

Pro Tip: If you're attempting to get into this plan, and are 3.5 months back on your bricks, don't go out and waste a car salesman's day pretending that you can buy a car.

Hahahaha

glatt · 01-22-2010, 09:58 AM

Quote:

Originally Posted by TheMercenary

If you ever get the chance to Refi glatt do it.

We crunched the numbers recently when rates were so low, but couldn't make them work. I wanted to refinance and have our payments stay roughly the same but switch to a 15. Couldn't make it work. The monthly increase was more than we could afford without a lot of pain.

01-21-2010, 05:02 PM	#77
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Not you specific, just in general. You mortgage is paid off isn't it? I thought you said or implied that somewhere. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

01-21-2010, 05:35 PM	#78
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	I know, just being a smartass. Yes I have no mortgage. The first couple years, when the principle was peanuts, I paid double principle. I had about 12 years to go on a 30, and I refinanced to lower the interest rate. They said it would lower my payment, but I told them I didn't want to do that. So one day I get a letter saying my last payment would be... surprised the shit out of me, because it's habit, pay the mortgage every month and don't even think about the end... that's like future, way off, someday. Then that day comes and you say, Oh fuck, where'd my life go? __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

01-21-2010, 05:40 PM	#79
Pie Gone and done Join Date: Sep 2001 Posts: 4,808	Yeah, we've got a 15-year mortgage, which seems pretty short. But I'll be 50 before we pay it off! __________________ per·son \ˈpər-sən\ (noun) - an ephemeral collection of small, irrational decisions The fun thing about evolution (and science in general) is that it happens whether you believe in it or not.

01-21-2010, 06:13 PM	#80
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	I paid my 30-year off in 7.5. Of course, it's a one bedroom condo. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

01-21-2010, 09:41 PM	#81
squirell nutkin has a second hand user title Join Date: Feb 2006 Location: in a Nut House Posts: 2,017	I'll be 79 ish when I pay my mortgage off. __________________ And now I'm finished posting.

01-22-2010, 07:50 AM	#82
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I think we pay ours off around the same time I retire.

01-22-2010, 09:11 AM	#83
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	If you ever get the chance to Refi glatt do it. Best thing we ever did. 30 to a 15 and we only owe 7 years. So any time I sell now will be a much bigger profit. __________________ Anyone but the this most fuked up President in History in 2012!

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