Home › Forums › Financial Markets/Economics › Paying down loans in HyperInflated Economy
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Coronita.
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October 23, 2008 at 3:24 PM #292246October 23, 2008 at 4:54 PM #291925
nostradamus
ParticipantThat’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.
October 23, 2008 at 4:54 PM #292245nostradamus
ParticipantThat’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.
October 23, 2008 at 4:54 PM #292277nostradamus
ParticipantThat’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.
October 23, 2008 at 4:54 PM #292284nostradamus
ParticipantThat’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.
October 23, 2008 at 4:54 PM #292320nostradamus
ParticipantThat’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.
October 23, 2008 at 10:04 PM #292495HereWeGo
ParticipantI wouldn’t worry so much about inflation at this juncture.
October 23, 2008 at 10:04 PM #292422HereWeGo
ParticipantI wouldn’t worry so much about inflation at this juncture.
October 23, 2008 at 10:04 PM #292459HereWeGo
ParticipantI wouldn’t worry so much about inflation at this juncture.
October 23, 2008 at 10:04 PM #292450HereWeGo
ParticipantI wouldn’t worry so much about inflation at this juncture.
October 23, 2008 at 10:04 PM #292099HereWeGo
ParticipantI wouldn’t worry so much about inflation at this juncture.
October 24, 2008 at 9:50 AM #292268Coronita
ParticipantI’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.
October 24, 2008 at 9:50 AM #292591Coronita
ParticipantI’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.
October 24, 2008 at 9:50 AM #292620Coronita
ParticipantI’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.
October 24, 2008 at 9:50 AM #292629Coronita
ParticipantI’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.
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