| Re: No more car payments... woohoo! |
Subject: Re: No more car payments... woohoo! by 85L98-84L83 on 2009/1/14 23:37:20 When you refinance and put your vette into your martgage, lets say your mortgage is $400,000 at 6%, you refinance at 4% and let say he payed $8,000 for the vette. Dropping your mortgage by 2% saves you $8,000 in interest, that gives you a free vette for that year and $8,000 every year to spend on mods or to put towards your mortgage or in your pocket. Your life is to short to worry about savings. In 30 years your house will be worth over 1 million maybe 2 million. Invest in your home not the stock market. This spring is the best time to refinance, interest rates will bottem out and it will be the time to set it for long term. The penalty is about $1200 to adjust it but worth it. |
