What’s the downside of 15 year mortgage?

A higher minimum payment?

Depending on your rate, from a mathematic perspective, your money may be earning more interest in investments than you're paying in a mortgage.

But if financial freedom is more important to you, then there's nothing wrong with paying off the house.

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Seeing as our current rate is 6.625 and refi is available low 6 I’m thinking the payment numbers will only go up 1k or so if forced 15

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You're gonna pay closing costs to refi when you plan to pay off in 10 regardless?

Shut up, stupid

ETA: Do you just sit around all day to think up what stupid threads you can start? What do you get out of this?

Downside is your minimum payment would be higher.

Getting a 30 year note and paying as it were a 15 year note, would enable you to make a lower payment than normal in the event of income loss without having to go through a refi, which is difficult since income changed.

If you get pressed for cash and can't make the higher payments (vs 30 year loan), the bank takes your home.

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Brother I know you jealous but the refi quotes I received is me receiving points

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Could yo make that pic smaller and blurry so that I might be able to see what it shows?

Hilarious, almost as funny as all your amazing threads.

ETA: Ah, you figured out how to post with the edit. What possible questions could you have with an aggy education and all the money in teh world from you and your doctor wife's super high incomes? What could you possibly learn from us plebs here? Your new loan is free, may as well save teh couple bucks on interest be refinancing to a 15 that you pay off 5 years early. Surely someone with teh assets yall clearly have wouldn't benefit from investing that money elsewhere.

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Sorry you can’t relate with your shack

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Even funnier

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Because you dummy I don’t spend my time focused on financials when I have a stressful job to work. I’d rather get answers from people who focus a lot more on how to manage money than me who only looks at ai gpus and my wife who only looks at stomach cancers

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I'd be more interested in how you're being quoted under $9k P&I on a $1.5 million loan since that is basically an interest free loan

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250 liquid cash in their 5.15 hysa

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What does that have to do with the refi?

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Medical loan

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Does it being a medical loan somehow make the interest go away entirely?

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And we need to set up direct deposit. That’s another 50k a month injection

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And?