Friday and there's snow on the ground!

Must be the west coast time zone thread
 
MTVike said:
Camera tricks: Frank Sinatra was 5'7", Grace Kelly was 5'7".

Dancing with her in High Society, he looks 4-5" inches taller than her.
Click to expand...
So frank was a little guy like @ill
 
gave my mortgage guy a call the other day and asked if I should look into refinancing.

he came back asking if I wanted to move to a 15 yr mortgage, which would bring my mortgage and homeowners up to about $2000 a month and will get me a little more than a point off my %...

I have no idea if I want to do that
 
MTVike said:
Camera tricks: Frank Sinatra was 5'7", Grace Kelly was 5'7".

Dancing with her in High Society, he looks 4-5" inches taller than her.
Click to expand...

That’s how they make Deniro look like the size of a real person, too.

F9FC0AF9-CB1E-4485-AE45-215BF21074CF.jpeg
 
ill said:
gave my mortgage guy a call the other day and asked if I should look into refinancing.

he came back asking if I wanted to move to a 15 yr mortgage, which would bring my mortgage and homeowners up to about $2000 a month and will get me a little more than a point off my %...

I have no idea if I want to do that
Click to expand...

Is your goal to live in the home forever and pay it off?
 
ill said:
gave my mortgage guy a call the other day and asked if I should look into refinancing.

he came back asking if I wanted to move to a 15 yr mortgage, which would bring my mortgage and homeowners up to about $2000 a month and will get me a little more than a point off my %...

I have no idea if I want to do that
Click to expand...
I did a 20
 
You can pay off mortgages early, right? If you wanted to pay more, just knock off principal early?
 
RobBase Hates Everybody Now said:
Well, there you go.

What’s your goal? How long do you plan to stay in the home?
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no idea...I've been in it for 5 yrs...I don't expect to work for this company and location for the rest of my life...but I need to move out soon if I want out otherwise I will get trapped
 
gobucks0409 said:
You can pay off mortgages early, right? If you wanted to pay more, just knock off principal early?
Click to expand...

Yes. Most lenders don’t have pre payment penalties but it’s still good to ask and be sure.
 
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ill said:
no idea...I've been in it for 5 yrs...I don't expect to work for this company and location for the rest of my life...but I need to move out soon if I want out otherwise I will get trapped
Click to expand...

Then you need whatever offers you the lowest payment. I would avoid interest only unless you have heaps of equity and it sounds like you don’t.

No telling where home prices will go with the change in presidency.
 
ill said:
no idea...I've been in it for 5 yrs...I don't expect to work for this company and location for the rest of my life...but I need to move out soon if I want out otherwise I will get trapped
Click to expand...
Gonna move down to Florida with @nappyvalley ?
 
RobBase Hates Everybody Now said:
Yes. Most lenders don’t have pre payment penalties but it’s still good to ask and be sure.
Click to expand...
Yep it was usually the ag/commercial loans (mostly ag) that had any type of prepayment penalty. I think our normal had been 6 or 7 years. Biggest issue is that most require you to escrow based on calculations the government provides. This means you pay up to 14 months of escrow since they can have up to 1/6 of a year escrow as surplus. If you can do a 20 year payment and put extra (even 30 for smaller payment) then that is key. I've wanted to go in and ask if I can apply the yearly amount to just escrow and then my normal payments just be P&I but haven't cared too much to do so.
 
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