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May 6, 2015
10:24
:02
am
Baron
Well I am going to always be in a constant state of debt since I only
pay my credit cards once a month. You know, anything can happen with my liquid funds.
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Baron
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jarocho
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Baron
Joined
Sep 1, 2006
Last login
May 3, 2024
Total posts
94,167 (32,746 FO)
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Messages
Author
Time
So it looks like everyone agrees I should refinance to a 15 yr, anyone know a
snowbird
5/6/15 10:04am
Hi.
mulletYno
5/6/15 10:06am
^^this guy^^
JOPE
5/6/15 10:07am
Your absolutely best option would be to leave the smaller payment of the 30 yr
JamesDean
5/6/15 10:11am
Without more information, this is one of the better answers
Biyamiti
5/6/15 10:13am
Never pay extra principal on your mortgage monthly.
TonyStark
5/6/15 10:17am
Does this also apply to the famous bi-weekly programs? Edited *more info
El Fuego
5/6/15 10:20am
I don't believe ROI is the most important part of paying off your mortgage.
JamesDean
5/6/15 10:20am
Are you in debt if you have the liquid funds to pay off the debt, but
Baron
5/6/15 10:21am
Absolutely. Until that debt is paid, you are in debt.
JamesDean
5/6/15 10:21am
Well I am going to always be in a constant state of debt since I only
Baron
5/6/15 10:24am
um ya
JamesDean
5/6/15 10:41am
It absolutely reduces the interest you pay, it does not reduce your payment howe
johnnybyu
5/6/15 10:31am
I don't get this. I pay $200 extra every month toward principal.
QuickCoug
5/6/15 10:33am
He is wrong. He may be trying to say your payment doesn't change which is corre
johnnybyu
5/6/15 10:34am
Let me explain my position
TonyStark
5/6/15 11:35am
Any amortization calculator would show different from what you're saying.
mulletYno
5/6/15 11:39am
I know, I am being confusing.
TonyStark
5/6/15 11:44am
Can't disagree with that.
mulletYno
5/6/15 11:50am
I agree with this. Your statement that it does not reduce the interest is wrong
johnnybyu
5/6/15 2:02pm
<< Deleted >>
Buffalo
5/6/15 11:41am
You are right.
TonyStark
5/6/15 12:12pm
I think the biggest take away here is, we don't have all the details.
JamesDean
5/6/15 11:43am
I don't disagree with that.
TonyStark
5/6/15 12:09pm
I would add that it would depend on the difference in interest rate going from
db59840
5/6/15 1:28pm
<< Deleted >>
supertux
5/6/15 11:45am
That is 100% false
Biyamiti
5/7/15 6:07pm
<< Deleted >>
Buffalo
5/6/15 11:11am
No kidding. My first thought was I would never want to get a mortgage from a guy
Biyamiti
5/7/15 6:08pm
This is a little lengthly but her is my opinion
Superman21
5/6/15 12:05pm
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