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what would you, lunge, consider to be a worthwhile amount of
storage
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Clemson Sports Icon [55061]
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what would you, lunge, consider to be a worthwhile amount of
Nov 20, 2019, 11:31 AM
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$$ savings/month (or percentage of overall payment) to warrant refinancing your palatial estate, if your main (only?) goal was to reduce monthly amount....no cash out or anything
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All-Time Great [90469]
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I can't see where anything less than $200-$300/month makes
Nov 20, 2019, 11:34 AM
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it worthwhile. How long do you plan on being there?
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Clemson Sports Icon [55061]
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let's say minimum 15 more years
Nov 20, 2019, 11:40 AM
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already have a pretty good rate, so best they could do was knock $100-ish off a month.
They called me, I wasn't really looking to do this, but I listened to what they had to offer...we've only been in the house 2 years, so resetting the loan term isn't a huge factor
ALSO, that $100 was based on a similar home insurance payment. I just got a the renewal package. Holy ####, premium went up 47% after our waterline break / basement 'flood' (~$12k for moisture mitigation/demo/repair)...so that $100 is more like $65-70 now
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All-Time Great [90469]
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Might be worthwhile if nothing else than to offset
Nov 20, 2019, 11:44 AM
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your insurance costs, as long as you have no out of pocket expenses. You'll have that water damage claim dragging you down with any insurance company for about 7 or so years.
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Heisman Winner [81430]
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Closing cost/12***
Nov 20, 2019, 11:35 AM
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Clemson Sports Icon [55061]
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you assume to recoup the costs in a year?
Nov 20, 2019, 11:41 AM
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is that kinduva general rule of thumb? I thought longer....
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All-Time Great [90469]
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Yeah I would go longer.
Nov 20, 2019, 11:42 AM
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1 year is pretty aggressive, especially if its longer than a 10 year note.
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Heisman Winner [81430]
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That is what I'd hope for.
Nov 20, 2020, 3:05 PM
[ in reply to you assume to recoup the costs in a year? ] |
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At this time, I probably would not refi to save $100/month like I did back in 2011 and was working two jobs to pay for said house.
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TigerNet Champion [117557]
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Funny, my mortgage company called me today
Nov 20, 2019, 11:41 AM
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and three times yesterday, trying to get me to refi. They are running the numbers now.
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Clemson Sports Icon [55061]
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we have the same mortgage co, remember
Nov 20, 2020, 7:15 PM
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they do this EVERY year, FYI....it's almost always been pointless and a complete waste of time, too...taking an hour for them to just be like "well, it seems like you're in a pretty good place where you're at"
My rentals are with them, primary isn't...they're trying to get me to move that over. Had called originally about pendleton rental, but I'm thinking about selling it in a few months, so def not refi-ing there...
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TigerNet Champion [117557]
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Oh yeah, I forgot. I told him to run numbers and call me
Nov 20, 2019, 11:59 AM
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at 2:00. I aint got time to sit on the phone about this ####.
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Clemson Sports Icon [55061]
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My dude's supposed to call me back tonight around 6
Nov 20, 2019, 12:19 PM
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he'd called last week, spent an hour on the phone (I thru some earbuds in, and worked while he breathed into the phone), he came up with the numbers, and then was just like
"So, I just need a good faith deposit to cover appraisal and credit report (which he'd already run)...will that be going on a debit card or credit card?
Dong be lik
Slow.Your.Roll.Bruh.
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Ultimate Tiger [36452]
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TigerNet Champion [117557]
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Not worth it for me at this time. Oh well, back to the
Nov 20, 2019, 9:05 AM
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grind.
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Heisman Winner [86941]
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7; 420; or 69***
Nov 20, 2019, 11:44 AM
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TigerNet Champion [117557]
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nice***
Nov 20, 2019, 11:45 AM
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TigerNet Champion [117557]
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$7,420.69 is the correct answer***
Nov 20, 2019, 11:46 AM
[ in reply to 7; 420; or 69*** ] |
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TigerNet Icon [152254]
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I'm about to pull the refi trigger mahself.
Nov 20, 2019, 11:57 AM
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Have a 5/1 that hits 5 years in March, trying to figure out if I should wait for another rate cut or not. Will refi to a 15 or 20, depending on rate/payment. What do?
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Ultimate Clemson Legend [103217]
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Re: I'm about to pull the refi trigger mahself.
Nov 20, 2019, 12:27 PM
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CU Guru [1596]
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Don't forget to factor in increased taxes due to smaller
Nov 20, 2019, 12:13 PM
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dedcutible interest.
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Clemson Sports Icon [55061]
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can't tell if SRS or lungey***
Nov 20, 2019, 12:20 PM
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Ultimate Clemson Legend [103217]
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Wanna roll the dice?
Nov 20, 2019, 12:31 PM
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You pay my mortgage for the next year, I will pay your primary palatial estate's mortgage for the next year. Both winner and loser take turns with your SO.
Whadya say?
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Heisman Winner [81430]
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Who are you and what have you done with McLovin?***
Nov 20, 2019, 12:37 PM
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Clemson Sports Icon [55061]
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why don't we skip all that nonsense
Nov 20, 2019, 12:44 PM
[ in reply to Wanna roll the dice? ] |
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and the women.
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Ultimate Clemson Legend [103217]
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I like where your head's at***
Nov 20, 2019, 12:55 PM
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Clemson Icon [25720]
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Don't be UDP ... pay that bish off***
Nov 20, 2019, 2:29 PM
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Ultimate Clemson Legend [103217]
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What if you were making more in the market than you
Nov 20, 2019, 2:31 PM
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are paying in interest?
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Clemson Icon [25720]
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Would you cash out refi to invest?
Nov 20, 2019, 2:49 PM
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I wouldn't. YMMV
For extra cash, I put half towards house payment and half towards investments. I'm happy with how things turned out, but also recognize in hindsight that I would have made more money if put all into markets for past 10 years.
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Heisman Winner [81430]
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Bust out the amortization schedule.
Nov 20, 2019, 2:53 PM
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How much sooner would you have that sucker paid off if you didn't refi and put the closing cost to principle now?
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Clemson Icon [26535]
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Mortgage?
Nov 20, 2019, 3:29 PM
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Whats that?
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Ultimate Clemson Legend [103217]
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Money I borrow at 2.75%
Nov 20, 2019, 3:36 PM
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While I be earning 5.5% after taxes over the last 9 years.
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All-Time Great [90469]
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You should borrow more money
Nov 20, 2019, 4:55 PM
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invest it, and quit work.
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Clemson Sports Icon [52830]
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don't forget mortgages aren't simple interest.
Nov 20, 2019, 6:06 PM
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they're front loaded on the interest, so all that starts over again when you refinance. If you really need to lower the payment, fine, but otherwise you might be paying as much or more interest on a re-fi.
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Tiger Titan [50675]
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^^^^^^^^^^^^
Nov 20, 2019, 6:09 PM
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TigerNet Eternal Icon [187981]
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