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Message
re: Current Mortgage Rates
Posted on 6/2/20 at 2:21 pm to SDVTiger
Posted on 6/2/20 at 2:21 pm to SDVTiger
quote:
Take your 30yr and save the 100 for the next 5yrs
I guess my question is why.
Refi'ing for 30 years will save 7800 over the next 5 years vs the 25 year loan.
If I invest that extra 130 a month at a 10% average annual return, I'll have an extra 9.5k at the end of 5 years.
But if I do the 25 year loan, I'll have knocked about 26k more off my principal versus the 30 year.
2
Posted on 6/2/20 at 6:45 pm to JohnnyKilroy
My buddy just locked 2.375% 15 year zero points with UWM this afternoon.
Posted on 6/3/20 at 6:26 am to JohnnyKilroy
quote:
If I invest that extra 130 a month at a 10% average annual return,
Where do I sign up?
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