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To: where's_the_Outrage?

Don’t do it. Wait until rates drop enough and then refinance to a 15 year.


6 posted on 08/17/2024 8:27:16 PM PDT by SaxxonWoods (Are you ready for Black Lives MAGA? It's coming.)
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To: SaxxonWoods

I think it’s a good time to lock in your mortgage. The US may be losing its reserve status and interest rates may jump to get people to buy the debt bonds.


9 posted on 08/17/2024 8:30:17 PM PDT by Jonty30 (Genghis Khan did not have the most descendants. His father had more. )
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To: SaxxonWoods

I disagree. I bought my 1st house in 1984 with sky-high rates, by adding $100 to my 1st payment I cut a year off my loan. So if you are at the beginning of your mortgage you might see major benefits in loan length by paying extra.

But to me the best financial security is being debt free.


10 posted on 08/17/2024 8:33:24 PM PDT by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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To: SaxxonWoods

I disagree, we each have priorities and mine has been wanting to be debt free. I first accomplished that in 2002, life became easy.

However life’s events caused me to buy homes in 2018 and 2020, got great low interest rates on VA loans. But paid off both early and have no regrets.


12 posted on 08/17/2024 8:41:38 PM PDT by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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To: SaxxonWoods

That is what I did.


32 posted on 08/17/2024 11:41:21 PM PDT by roving (Deplorable Erectionists Listless Vessel )
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