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re: Still on the Learning Curve - 30 year mortgage better than 15 year mortgage?
Posted on 6/16/15 at 2:52 pm to LSUAfro
Posted on 6/16/15 at 2:52 pm to LSUAfro
quote:
Everybody has the same interest rate? At 3.25 my principal exceeds my interest in year 8.
Great if you make it past 8yrs
Thats my point. No one does
Call bull shite all you want but those are facts 97% do it every 5-7yrs captain
Thanks for the spell check
quote:
sure hope you didn't advise somebody to refinance 3 times in 10 years.
You obviously didnt follow along
1
Posted on 6/16/15 at 3:02 pm to SDVTiger
quote:The fact that we've had sub 5 rates for several years now, will quickly erode whatever "fact" you've think you've found and will provide very little incentive for those looking to refinance in the next 10-15 years, chief.
Great if you make it past 8yrs
Thats my point. No one does
Call bull shite all you want but those are facts 97% do it every 5-7yrs captain
quote:It wasn't an easy thing to do.
You obviously didnt follow along
Declaring the 30 year fixed a "scam" in this current environment is just silly.
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