If you are maxing your retirement savings and HSA out then may make some sense

Jul 3, 2024
10:41:30am

johnnybyu All-American

even then the math is not on your side. If the higher payments are causing you not max those out then the impact will be significant. It is not the worst thing you can do as it is better than wasting money on frivolous things.

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johnnybyu

Bio page: johnnybyu
Joined: Jun 6, 2002
Last login: Oct 4, 2024
Total posts: 15,459 (1 FO)

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Messages

Author

Time

👑

fredetteaboutit13

Jul 3, 8:55am

Yeah, but it sucks - I want to move - But not worth the 4% increase

MacroCougar

Jul 3, 8:57am

RE: Yeah, but it sucks - I want to move - But not worth the 4% increase

bruincoug

Jul 3, 9:01am

RE: Yeah, but it sucks - I want to move - But not worth the 4% increase

jaromp

Jul 3, 9:07am

Or 2.5 for 15

Adrielle

Jul 3, 9:02am

How about 1.875% for 15 years?

CPAcoug87

Jul 3, 9:03am

Great rate but 3% at 30 years would be better

johnnybyu

Jul 3, 9:04am

It depends on your goals and your age

Adrielle

Jul 3, 9:10am

It depends on what your goals are. Mine were to have my house paid off before 50

CPAcoug87

Jul 3, 9:50am

If you are maxing your retirement savings and HSA out then may make some sense

johnnybyu

Jul 3, 10:41am

Golden handcuffs.

Longseason

Jul 3, 9:05am

And I was close to renting back in 2019

Pretorian

Jul 3, 9:09am

2.6% for 30 years. I am probably never moving.

cougarfann888

Jul 3, 9:12am

During the process my went from 2.4 to 2.7. Thought I missed the boat

Kale

Jul 3, 9:14am

Same, I just wish I had pulled out more cash on the refi. I have like 66% equity in my house right now with

supertux

Jul 3, 9:15am

Too bad our starter home is now our forever home because of our low interest ra

Magneto

Jul 3, 9:19am

Just be grateful you own a home!

runnincoug

Jul 3, 9:22am

I wish I would’ve bought more home and stretched a little bit more.

Magneto

Jul 3, 9:24am

Now you buy your next home in cash!

Bainge

Jul 3, 9:24am

I learned recently that in Canada, the normal mortagage is 25 years and the rate

Windward_Coug

Jul 3, 9:21am

Yeah it's likely to cause another mortgage crisis when their payments all double and they can't afford them anymore

jaromp

Jul 3, 9:26am

UK is similar, the rate isn’t fixed for 30 years

NanoFab Coug

Jul 3, 9:27am

The looming recession will be as large as 2008

chismoso

Jul 3, 9:39am

Thank you! Thank you very much!

BYU Grounds

Jul 3, 11:11am

2.5% for 30

greatbam

Jul 4, 12:16am

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