- This topic has 580 replies, 19 voices, and was last updated 14 years, 11 months ago by
scaredyclassic.
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December 2, 2009 at 2:27 PM #490344December 2, 2009 at 2:28 PM #489480
scaredyclassic
Participantare most americans actually thinking about their loans?
December 2, 2009 at 2:28 PM #489646Participantare most americans actually thinking about their loans?
December 2, 2009 at 2:28 PM #490030Participantare most americans actually thinking about their loans?
December 2, 2009 at 2:28 PM #490118Participantare most americans actually thinking about their loans?
December 2, 2009 at 2:28 PM #490349Participantare most americans actually thinking about their loans?
December 2, 2009 at 2:37 PM #489490an
Participant[quote=scaredycat]i guess i figure it’s a wash since im paying more tax-deductible interest on the fha loan.[/quote]
You’re right, the tax deduction difference over 8 year should be around $15k.[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
I doubt most think very hard about it. It’s not just loans, most people don’t shop around. They just go for the most convenient.December 2, 2009 at 2:37 PM #489656Participant[quote=scaredycat]i guess i figure it’s a wash since im paying more tax-deductible interest on the fha loan.[/quote]
You’re right, the tax deduction difference over 8 year should be around $15k.[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
I doubt most think very hard about it. It’s not just loans, most people don’t shop around. They just go for the most convenient.December 2, 2009 at 2:37 PM #490040Participant[quote=scaredycat]i guess i figure it’s a wash since im paying more tax-deductible interest on the fha loan.[/quote]
You’re right, the tax deduction difference over 8 year should be around $15k.[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
I doubt most think very hard about it. It’s not just loans, most people don’t shop around. They just go for the most convenient.December 2, 2009 at 2:37 PM #490128Participant[quote=scaredycat]i guess i figure it’s a wash since im paying more tax-deductible interest on the fha loan.[/quote]
You’re right, the tax deduction difference over 8 year should be around $15k.[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
I doubt most think very hard about it. It’s not just loans, most people don’t shop around. They just go for the most convenient.December 2, 2009 at 2:37 PM #490359Participant[quote=scaredycat]i guess i figure it’s a wash since im paying more tax-deductible interest on the fha loan.[/quote]
You’re right, the tax deduction difference over 8 year should be around $15k.[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
I doubt most think very hard about it. It’s not just loans, most people don’t shop around. They just go for the most convenient.December 2, 2009 at 2:51 PM #489500UCGal
Participant[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
Probably not.
And look at the mess we’ve gotten into.heck – most home buyers only look at what size payment they can afford… and don’t look at the underlying loan product being offered. That’s how we got so much creative financing with neg am loans etc…
If people bought homes with the idea of paying them off – there would be a very different economy right now. I don’t know how many people told me I was stupid for getting a 15 year loan. But I’m going to be mortgage free in my retirement, and they won’t be.
December 2, 2009 at 2:51 PM #489666Participant[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
Probably not.
And look at the mess we’ve gotten into.heck – most home buyers only look at what size payment they can afford… and don’t look at the underlying loan product being offered. That’s how we got so much creative financing with neg am loans etc…
If people bought homes with the idea of paying them off – there would be a very different economy right now. I don’t know how many people told me I was stupid for getting a 15 year loan. But I’m going to be mortgage free in my retirement, and they won’t be.
December 2, 2009 at 2:51 PM #490050Participant[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
Probably not.
And look at the mess we’ve gotten into.heck – most home buyers only look at what size payment they can afford… and don’t look at the underlying loan product being offered. That’s how we got so much creative financing with neg am loans etc…
If people bought homes with the idea of paying them off – there would be a very different economy right now. I don’t know how many people told me I was stupid for getting a 15 year loan. But I’m going to be mortgage free in my retirement, and they won’t be.
December 2, 2009 at 2:51 PM #490138Participant[quote=scaredycat]are most americans actually thinking about their loans?[/quote]
Probably not.
And look at the mess we’ve gotten into.heck – most home buyers only look at what size payment they can afford… and don’t look at the underlying loan product being offered. That’s how we got so much creative financing with neg am loans etc…
If people bought homes with the idea of paying them off – there would be a very different economy right now. I don’t know how many people told me I was stupid for getting a 15 year loan. But I’m going to be mortgage free in my retirement, and they won’t be.
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