Any Loan Officers out there?

MiniDoom

Diamond Member
Jan 5, 2004
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I'm no pro, but I wouldn't. That's a great rate you already have. Just double up on payments when you can and if you ever fall on to hard times, that 30 year loan won't kill as bad.
 

gordita

Golden Member
Mar 24, 2001
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Originally posted by: rdubbz420
I'm no pro, but I wouldn't. That's a great rate you already have. Just double up on payments when you can and if you ever fall on to hard times, that 30 year loan won't kill as bad.

excellent advice.
I'm in the same boat as rrahman1 and I just send in extra payments.
though sometimes I do wonder, with all this equity in the house, should an act of god happen and destroy it, what happens then (yes, i do have insurance but the reality of going through insurance companies to get your house rebuilt is another story)........am I better off investing the extra $$$ in an alternative medium or continue paying down the mortgage.....

 

MixMasterTang

Diamond Member
Jul 23, 2001
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Originally posted by: gordita

excellent advice.
I'm in the same boat as rrahman1 and I just send in extra payments.
though sometimes I do wonder, with all this equity in the house, should an act of god happen and destroy it, what happens then (yes, i do have insurance but the reality of going through insurance companies to get your house rebuilt is another story)........am I better off investing the extra $$$ in an alternative medium or continue paying down the mortgage.....

If you can find a safe investment that offers a return rate similar or higher than the rate on your mortgage then I would personally invest. Cash is King and it's always nice to have easy access to it in case something happens, like you need to flee the country to South America or something ;)