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re: Another question regarding paying down your mortgage...

Posted on 10/5/12 at 11:38 am to
Posted by notiger1997
Metairie
Member since May 2009
58512 posts
Posted on 10/5/12 at 11:38 am to
quote:

Personally, I am doing a refi right now for 30 years at 3.25%, and have no plans to prepay. For me, prepaying only gives me a 2.4% ROI, which is probably a negative real rate. No way in hell I am prepaying that puppy.


I just dropped off all of our paperwork an hour ago for a refi at the exact same rate as you. These rates are unreal. I have no intention of paying it off early either.
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