3.0 for 15 year mortgage

[GURPS (Premo)]

Originally Posted by Hessian

Working on a 15 year cash out lock in because my equity line will expire in a few years and I want the decent rates offered now.

Westlandf Financial advertises on WMAL - NO Closing costs

[ginwoman]

I spoke with BrightPath today, who also advertises on WMAL. The rates are up (for the no-cost) to 4 1/8 % due to the stock market going up.

[tommyjo]

Originally Posted by ProfMoneyWise

Guilty on all and happy in my lack of understanding.

Your are poorer too.

But what is worse is that you preach your lack of understanding to others.

If you want to make yourself poor, if you want to disadvantage yourself, that is your choice...but preaching your ingnorance to others as if it is some financial panacea is wrong on all counts.

[Baja28 (Premo)]

Originally Posted by tommyjo

Your are poorer too.

But what is worse is that you preach your lack of understanding to others.

If you want to make yourself poor, if you want to disadvantage yourself, that is your choice...but preaching your ingnorance to others as if it is some financial panacea is wrong on all counts.

You really should learn how to spell ignorance before accusing someone else of it.

Please show us how not having a mortgage payment makes us poorer than having one. And if you can't, then STFU.

By having my home paid for, I am able to use the equity in it to purchase a rental home at a low rate. THEN I can also buy a second rental home using that homes value as collateral. I am now the owner of three homes all because I was smart enough to pay off my primary residence.

Another scenario is to just put the former mortgage payment into an interest bearing account and build a bigger nest egg.

As the wise Professor said: "You sent the bank $4,500 in interest to avoid sending the IRS $1,000. You could have just sent the IRS their $1,000 and kept $3,500 at home."

Now who is poorer Tommy boy??