Paying down loans in HyperInflated Economy

[capeman]

The banks and the Fed will fight to the end against this scenario as bank capital is worth that much less in a hyperinflationary scenario. Right now deflation is beginning its reign of terror across all asset classes.

[nostradamus]

That’s the beauty of home ownership via the plain old 30 year mortgage. Inflation goes up, you pay the same amount but with weaker dollars. It’s also a factor to consider when you calculate the ownership premium to see if those rentals pencil out.

[nostradamus]

That’s the beauty of home ownership via the plain old 30 year mortgage. Inflation goes up, you pay the same amount but with weaker dollars. It’s also a factor to consider when you calculate the ownership premium to see if those rentals pencil out.

[nostradamus]

That’s the beauty of home ownership via the plain old 30 year mortgage. Inflation goes up, you pay the same amount but with weaker dollars. It’s also a factor to consider when you calculate the ownership premium to see if those rentals pencil out.

[nostradamus]

That’s the beauty of home ownership via the plain old 30 year mortgage. Inflation goes up, you pay the same amount but with weaker dollars. It’s also a factor to consider when you calculate the ownership premium to see if those rentals pencil out.

[nostradamus]

That’s the beauty of home ownership via the plain old 30 year mortgage. Inflation goes up, you pay the same amount but with weaker dollars. It’s also a factor to consider when you calculate the ownership premium to see if those rentals pencil out.

[HereWeGo]

I wouldn’t worry so much about inflation at this juncture.

[HereWeGo]

I wouldn’t worry so much about inflation at this juncture.

[HereWeGo]

I wouldn’t worry so much about inflation at this juncture.

[HereWeGo]

I wouldn’t worry so much about inflation at this juncture.

[HereWeGo]

I wouldn’t worry so much about inflation at this juncture.

[Coronita]

I’ve been asking myself the same question these days.

I’ve got a pretty hefty mortgage right now. Until recently, II started out making the initial loan payments on a 30year fiexed, maybe made 1 extra principle every 6 months…I was hoping to hold more onto cash in some areas, waiting for interests rate to kick in, and for it to eventually beat my mortgage rate….Well, it hasn’t happened…So then I started to make the standard payment per month on my 30 year fixed, plus roughtly an extra principle payment of about the same amount. I figured it was one way to finish paying off the loan in 15 years versus 30… However right now, I’m considering reverting back to the minimum payment.

I guess my concern, is the way the economy is going….I’m thinking of going to conserve as much cash as I can, less the recession turns into a depression, and which one of us or both of us loses our jobs.

Unfortunately, I have about 60% left on my principle balance and I have only been in this loan for about 5 years (because in addition our initial down was larger than the conventional 20%, and sometimes when bonuses from employment were more than expected, I made the mistake of putting more of the bonus into principle reductions)…Looks like it might backfire now, if there’s a depression.

[Coronita]

I’ve been asking myself the same question these days.

I’ve got a pretty hefty mortgage right now. Until recently, II started out making the initial loan payments on a 30year fiexed, maybe made 1 extra principle every 6 months…I was hoping to hold more onto cash in some areas, waiting for interests rate to kick in, and for it to eventually beat my mortgage rate….Well, it hasn’t happened…So then I started to make the standard payment per month on my 30 year fixed, plus roughtly an extra principle payment of about the same amount. I figured it was one way to finish paying off the loan in 15 years versus 30… However right now, I’m considering reverting back to the minimum payment.

I guess my concern, is the way the economy is going….I’m thinking of going to conserve as much cash as I can, less the recession turns into a depression, and which one of us or both of us loses our jobs.

Unfortunately, I have about 60% left on my principle balance and I have only been in this loan for about 5 years (because in addition our initial down was larger than the conventional 20%, and sometimes when bonuses from employment were more than expected, I made the mistake of putting more of the bonus into principle reductions)…Looks like it might backfire now, if there’s a depression.

[Coronita]

I’ve been asking myself the same question these days.

I’ve got a pretty hefty mortgage right now. Until recently, II started out making the initial loan payments on a 30year fiexed, maybe made 1 extra principle every 6 months…I was hoping to hold more onto cash in some areas, waiting for interests rate to kick in, and for it to eventually beat my mortgage rate….Well, it hasn’t happened…So then I started to make the standard payment per month on my 30 year fixed, plus roughtly an extra principle payment of about the same amount. I figured it was one way to finish paying off the loan in 15 years versus 30… However right now, I’m considering reverting back to the minimum payment.

I guess my concern, is the way the economy is going….I’m thinking of going to conserve as much cash as I can, less the recession turns into a depression, and which one of us or both of us loses our jobs.

Unfortunately, I have about 60% left on my principle balance and I have only been in this loan for about 5 years (because in addition our initial down was larger than the conventional 20%, and sometimes when bonuses from employment were more than expected, I made the mistake of putting more of the bonus into principle reductions)…Looks like it might backfire now, if there’s a depression.

[Coronita]

I’ve been asking myself the same question these days.

I’ve got a pretty hefty mortgage right now. Until recently, II started out making the initial loan payments on a 30year fiexed, maybe made 1 extra principle every 6 months…I was hoping to hold more onto cash in some areas, waiting for interests rate to kick in, and for it to eventually beat my mortgage rate….Well, it hasn’t happened…So then I started to make the standard payment per month on my 30 year fixed, plus roughtly an extra principle payment of about the same amount. I figured it was one way to finish paying off the loan in 15 years versus 30… However right now, I’m considering reverting back to the minimum payment.

I guess my concern, is the way the economy is going….I’m thinking of going to conserve as much cash as I can, less the recession turns into a depression, and which one of us or both of us loses our jobs.

Unfortunately, I have about 60% left on my principle balance and I have only been in this loan for about 5 years (because in addition our initial down was larger than the conventional 20%, and sometimes when bonuses from employment were more than expected, I made the mistake of putting more of the bonus into principle reductions)…Looks like it might backfire now, if there’s a depression.

[Author]

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