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re: How much Was your mortgage and interest rate
Posted on 7/17/20 at 11:21 pm to frankthetank
Posted on 7/17/20 at 11:21 pm to frankthetank
quote:
825,000 at 3.9% for 30
Nobody finances 825k for 30 years. Not that you can't do it, you just wouldn't.
2
Posted on 7/17/20 at 11:25 pm to Rize
quote:
You are a little older than me but my first house was 202k in 2006 as a 25 year old.
I was 26 when we bought our first house. I made less than half of what I make now but had good credit. I just didn't want to overextend us when we first got married. Found out the wife was pregnant about a month later so that worked out OK
We still don't live in a big, expensive place. I think our home value is 1.2x our annual income.
Posted on 7/18/20 at 12:17 am to Mud_Till_May
$8800. Put $4060 down in cash and $4739 on a Discover card at 11%
Posted on 7/18/20 at 12:29 am to rintintin
I just got 2.85% on a 25 year 
Posted on 7/18/20 at 3:22 am to Mud_Till_May
30 @ 2.8
Posted on 7/18/20 at 3:34 am to borotiger
quote:
Nobody finances 825k for 30 years. Not that you can't do it, you just wouldn't.
You are wrong buddy
As a CPA that has also done this myself
My favorite is using a business as collateral for a jumbo loan and then refinancing on said loan
Returns way higher than the interest rates
Your business can fail tomorrow and still be better off this route if you are actually a person that can afford such a house.
Jumbo loans basically bottomed out just a couple years ago
Easy
This post was edited on 7/18/20 at 3:48 am
Posted on 7/18/20 at 3:46 am to Mud_Till_May
169k @3.5% 20 yrs
Posted on 7/18/20 at 5:18 am to borotiger
quote:
Nobody finances 825k for 30 years. Not that you can't do it, you just wouldn't.
Maybe not in M’Boro, but about 30 minutes up the road from you it’s pretty common
Posted on 7/18/20 at 6:08 am to ItNeverRains
$405k at 3.85% for 30. That was 5 years ago. Thinking I might re-fi into a new 15 year at these current rates.
I do make a couple extra payments a year, so it should be doable
I do make a couple extra payments a year, so it should be doable
This post was edited on 7/18/20 at 6:11 am
Posted on 7/18/20 at 6:50 am to Mud_Till_May
30 yr 4.25%
20 yr 3%
$357,000
20 yr 3%
$357,000
Posted on 7/18/20 at 7:01 am to Mud_Till_May
My refinance is in underwriting.
$231,000 @ 2.25% 30 year VA Loan
$231,000 @ 2.25% 30 year VA Loan
Posted on 7/18/20 at 7:04 am to Stonepony
$243k at 3.25%, locked in rate right at beginning of pandemic, could have gotten it lower, but was worried about it spiking.
Posted on 7/18/20 at 7:05 am to Mud_Till_May
Just refinanced at 2.75% Fixed and kept the time I already paid in...so I think it’s 304 months left?
Posted on 7/18/20 at 8:00 am to DaManiacLovesYou
Debt free!!
Posted on 7/18/20 at 8:09 am to Popths
Damn where the hell do y’all live? I haven’t seen a house for sale in my area for less than $400,000.
Posted on 7/18/20 at 8:13 am to thadcastle
Where the hell do you live? Louisiana cheap baw !
Posted on 7/18/20 at 8:37 am to jcaz
620K couldn’t buy you an outhouse in Manhattan
Posted on 7/18/20 at 8:40 am to thadcastle
You can buy a nice house in the best school district in Lafayette for $250
Posted on 7/18/20 at 8:43 am to Mud_Till_May
Lol at everyone financing for a 30 year loan.
To answer your question $275K for 15 at 3.25%. We have thought about refinancing but we are probably going to sell our house in 2 years anyway so not worth the effort
To answer your question $275K for 15 at 3.25%. We have thought about refinancing but we are probably going to sell our house in 2 years anyway so not worth the effort
Posted on 7/18/20 at 9:24 am to CunningLinguist
quote:
Lol at everyone financing for a 30 year loan.
I’d take 10,000,000 over 75 years at 3% if I could get my hands on it.
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