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15 year mortgage at 2.75% or 30 year at 3.5%?
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Date: June 26th, 2017 3:03 PM Author: dark resort (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33645806) |
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Date: June 26th, 2017 3:11 PM Author: Big confused area How long do you plan to stay in the house? (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33645880) |
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Date: June 26th, 2017 3:13 PM Author: dark resort forever hopefully (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33645899) |
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Date: June 26th, 2017 3:17 PM Author: Big confused area how much down? (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33645950) |
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Date: June 26th, 2017 3:37 PM Author: dark resort 15% (no PMI) (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33646168) |
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Date: June 26th, 2017 3:39 PM Author: Magenta mind-boggling locale trump supporter how did you manage to get out of PMI? (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33646176) |
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Date: June 26th, 2017 6:59 PM Author: dark resort private lender situation. (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33648194) |
Date: June 26th, 2017 3:14 PM Author: greedy keepsake machete 30 year (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33645903) |
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Date: June 26th, 2017 3:24 PM Author: beta dysfunction 30 year. It's an extra $6,527 per $100K borrowed across the life of the loan if you pay the 30-year mortgage in 15 years. That's crazy cheap for the added flexibility. (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33646015) |
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Date: June 26th, 2017 3:25 PM Author: Elite hominid hospital if lender, 30 year
if borrower, 15 year |
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Date: June 26th, 2017 3:26 PM Author: drunken diverse factory reset button Are rates that low again? I think the 30 is a no-brainer. Lets you invest elsewhere at a higher return. It will be a bit closer if Trump fucks with the mortgage deduction. Other option is ARM if you plan to sell, but be careful with how they calculate rate resets. You would think that if rates stay flat, you will pay the same once the fixed period is over, but many of them have an increase "built in" to the adjustable rate formula regardless of if rates stay the same. (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33646037) |
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Date: June 26th, 2017 5:45 PM Author: cobalt school cafeteria this is my question too. how is op getting rates this low? (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33647487) |
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Date: June 26th, 2017 7:00 PM Author: dark resort private lender situation, does business with my employer, so they discount it. (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33648209) |
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Date: June 26th, 2017 5:58 PM Author: Indecent juggernaut set Brother can you please tell me where you got offered that 3.5%? I am shopping for a mortgage and the shit I've been approved for is more like 4 even though my credit is good.
I would go with the 30 year if I were you |
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Date: June 26th, 2017 7:01 PM Author: dark resort it's a private lender that offers a lot of loans in the millions to my employer, so a trade off is they give us discounted rates, assuming we have really good credit (e.g., scores over 750). (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33648216) |
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Date: June 26th, 2017 6:16 PM Author: sooty pisswyrm affirmative action cash & < 20% of total net worth (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33647797) |
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Date: June 26th, 2017 6:25 PM Author: Charismatic amethyst meetinghouse No brainer, 30 year fixed.
If you want, you can pay more into your principal to mimic a 15 year but 30 year gives you flexibility if you have a job loss or other financial issue. I was really glad I had a 30 year when I was unemployed and at that time it was 4.75% not nearly as low as 3.5%. |
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Date: June 26th, 2017 6:29 PM Author: overrated fear-inspiring station persian definitely take the 30-year. (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33647913) |
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Date: June 26th, 2017 7:01 PM Author: dark resort Thanks for the advice all, I'm gonna do the 30 year (http://www.autoadmit.com/thread.php?thread_id=3658868&forum_id=2#33648212) |