Political Forums  

Go Back   Political Forums > Economy

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #1  
Old 06-09-2012, 08:03 AM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
Area Man
 
Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
<4%..........

Home mortgage interest rates are now below 4%. My house payment has dropped to $481/mo. I can, almost, double them up and pay this place off much quicker.

(The below is NOT a sales pitch. I am in no way professionally affiliated.)

The cool part is my mortgage company never engaged in the utter stupidity other banks did. You know, the one that triggered the economic mess the entire world is embroiled in right now. They even sent me a letter back in '08 telling me that, and in similar terms. Also, they reminded me that in my mortgage agreement are terms that limit them from adjusting my rate more than once per year, on the anniversary of the loan, thus tempering the effects of the volatile markets on my loan payment......unless the rate is reduced.

This house has had the same Mortgage holder since 1992. Before that it was held by Countrywide......

I picked these guys at random, when I decided to refinance. Liked their terms and profile and went for it. (Independent, not traded on the stock market, etc., etc.....) If I ever need mortgage services again, I will go to the same place.

Anyhow,

3.97% the last I checked.

I am not alone. there is a thread on AK about this very topic and friends on FB are talking about falling mortgage payments as well.

I'd call this good news for American families, as temporary as it may be.

Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Reply With Quote
  #2  
Old 06-09-2012, 08:33 AM
merrylander's Avatar
merrylander merrylander is offline
Resident octogenarian
 
Join Date: May 2009
Location: Maryland
Posts: 20,860
Good on You Dave.
__________________
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
Reply With Quote
  #3  
Old 06-09-2012, 08:44 AM
d-ray657's Avatar
d-ray657 d-ray657 is offline
Loyal Opposition
 
Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
We did a refinance about a year and a half ago for 4.25% It has made a big difference.

Regards,

D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
Reply With Quote
  #4  
Old 06-09-2012, 01:12 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
We're still at 5.25% on a modest balance, but we're gonna pay it off come December. It seems to me that finally paying off the mortgage on one's primary residence is one of the significant milestones in life, one which I look forward to greatly.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #5  
Old 06-09-2012, 01:16 PM
JJIII's Avatar
JJIII JJIII is offline
AKA Sister Mary JJ
 
Join Date: May 2009
Location: Upper East Tennessee
Posts: 5,897
Quote:
Originally Posted by finnbow View Post
We're still at 5.25% on a modest balance, but we're gonna pay it off come December. It seems to me that finally paying off the mortgage on one's primary residence is one of the significant milestones in life, one which I look forward to greatly.
Whoop!! There it is! Congratulations.
__________________
"Get your facts first, and then you can distort them as much as you please." (Mark Twain)
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 07:30 AM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.