Mortgage Rate Advice Needed (News with UWM )

[svelte]

[quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.

[scaredyclassic]

[quote=svelte][quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.[/quote]

Ahhh. I see

[svelte]

[quote=sdrealtor]

I want it paid off. This will help me do it faster.[/quote]

I’m with you brother. I’m too close to payoff to refi.

[svelte]

.

[ltsddd]

[quote=svelte][quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.[/quote]

I have seen quite a few folks like that at work. Some didn’t quite make it to the finish line. Some did and kicked the bucket soon after. It’s sad to see, for whatever reasons, people linger around way past what I think is necessary. I don’t know, may be they stick around b/c of the $$$ or they are just dedicated to the job. I plan to walk away even before I am old enough to collect SS. If I could do that I think I kind of ‘beat’ the system.

[sdrealtor]

[quote=ltsddd][quote=svelte][quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.[/quote]

I have seen quite a few folks like that at work. Some didn’t quite make it to the finish line. Some did and kicked the bucket soon after. It’s sad to see, for whatever reasons, people linger around way past what I think is necessary. I don’t know, may be they stick around b/c of the $$$ or they are just dedicated to the job. I plan to walk away even before I am old enough to collect SS. If I could do that I think I kind of ‘beat’ the system.[/quote]

My father was a self employed manufacturers rep. He worked past 65 to delay collecting SS as part of his financial planning. Never sick a day that I can remember he finally retired, was diagnosed with cancer 6 months later and gone 3 months after that. I wont retire either but my work allows me to work at whatever pace I choose and I can do the things I want including travel almost anytime. Its why I selected this work 20 years ago so i could work and live on my own terms.

[scaredyclassic]

What about diversification? If your house is a giant chunk of net worth, its not unreasonable to spread allocation around. Wouldnt it be foolish to have a high value paid off house as ones sole asset when you can diversify at 2.5%?

[flyer]

Have heard of similar situations from friends and acquaintances.

Agree that setting yourself up to live life on your own terms as early as possible is a smart move. That’s why our family got into real estate years ago as well, and, like so many on this board, we’ve been very grateful for the financial freedom we’ve enjoyed for many years.

Realizing and accepting you’ll never beat mortality is definitely a game changer.

[sdrealtor]

[quote=scaredyclassic]What about diversification? If your house is a giant chunk of net worth, its not unreasonable to spread allocation around. Wouldnt it be foolish to have a high value paid off house as ones sole asset when you can diversify at 2.5%?[/quote]

At least for me not close to sole asset. But for me home is the base of the pyramid. It is stability and security. It’s comfortable, fun and pleasurable. It delivers returns that can’t always be quantified in dollar amounts. Having it paid off makes everything easier. It allows one to take other risks or no risks at all. It is home

[scaredyclassic]

Its funny how a small injury on wed. Has me feeling much more conservative.

I hurt my foot.

Felt broken, but it wasnt.

Hobbled around. Took it easy. Feel better today.

Still, i can imagine sudden turnarounds.

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be

[svelte]

[quote=scaredyclassic]

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be[/quote]

I have factored this into my decisions also. My next trip to the doctor he could tell me that thing I thought was minor is instead terminal. Or disabling and I can’t work any more.

If either of those things happen our income and therefore spend rate will go way down. We’ll survive, but we’d have to tighten our belts a bit.

I’d rather be debt free and not have to worry about money…just focus on the health problem and getting better.

It is funny how much my line of thinking has changed in the last five years.

Another thing I discovered: old folks don’t get crotchety because they are envious of younger folks (as I thought when i was young and stupid)…they get crotchety because they get tired of watching each generation make the same stupid mistakes. So many of the problems in this world are self-inflicted. That gets tiring to watch after awhile.

It reminds me of one of my favorite T-shirts in my closet: Bold letters: HISTORY Small letters: Don’t make me repeat myself

[sdrealtor]

[quote=scaredyclassic]Its funny how a small injury on wed. Has me feeling much more conservative.

I hurt my foot.

Felt broken, but it wasnt.

Hobbled around. Took it easy. Feel better today.

Still, i can imagine sudden turnarounds.

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be[/quote]

Over time values increase. Over time rents increase. Sitting in a paid off house is not just letting equity be

[scaredyclassic]

[quote=sdrealtor][quote=scaredyclassic]Its funny how a small injury on wed. Has me feeling much more conservative.

I hurt my foot.

Felt broken, but it wasnt.

Hobbled around. Took it easy. Feel better today.

Still, i can imagine sudden turnarounds.

Its hard to make $ in pain. Not everything must be leveraged or make $.

Maybe its best to just sit in a paid off house and let the equity be[/quote]

Over time values increase. Over time rents increase. Sitting in a paid off house is not just letting equity be[/quote]

But youd get the value of the increase too, in addition to investing some of it mortgaged.

[Escoguy]

SD
Mind sharing who you used? Do they offer the same rate for a detached condo?
thanks

[sdrealtor]

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