- This topic has 135 replies, 11 voices, and was last updated 14 years, 3 months ago by
an.
-
AuthorPosts
-
October 21, 2010 at 3:44 PM #622470October 22, 2010 at 7:35 AM #621529
(former)FormerSanDiegan
Participant[quote=flu]
I got it from ucodegen too. Yes, thanks I am a dumbass (compared to original loan amount). Actually, it also doesn’t include the cost that I paid on the first loan too.[/quote]The costs paid on the previous refi are not relevant in determining whether to re-fi now, so you should not include that in your comparison.
October 22, 2010 at 7:35 AM #621612(former)FormerSanDiegan
Participant[quote=flu]
I got it from ucodegen too. Yes, thanks I am a dumbass (compared to original loan amount). Actually, it also doesn’t include the cost that I paid on the first loan too.[/quote]The costs paid on the previous refi are not relevant in determining whether to re-fi now, so you should not include that in your comparison.
October 22, 2010 at 7:35 AM #622173(former)FormerSanDiegan
Participant[quote=flu]
I got it from ucodegen too. Yes, thanks I am a dumbass (compared to original loan amount). Actually, it also doesn’t include the cost that I paid on the first loan too.[/quote]The costs paid on the previous refi are not relevant in determining whether to re-fi now, so you should not include that in your comparison.
October 22, 2010 at 7:35 AM #622295(former)FormerSanDiegan
Participant[quote=flu]
I got it from ucodegen too. Yes, thanks I am a dumbass (compared to original loan amount). Actually, it also doesn’t include the cost that I paid on the first loan too.[/quote]The costs paid on the previous refi are not relevant in determining whether to re-fi now, so you should not include that in your comparison.
October 22, 2010 at 7:35 AM #622613(former)FormerSanDiegan
Participant[quote=flu]
I got it from ucodegen too. Yes, thanks I am a dumbass (compared to original loan amount). Actually, it also doesn’t include the cost that I paid on the first loan too.[/quote]The costs paid on the previous refi are not relevant in determining whether to re-fi now, so you should not include that in your comparison.
October 23, 2010 at 12:32 AM #621828sdcellar
ParticipantPrexactly.
And, fwiw, interest didn’t go into the trash either, just the difference in interest. Closing costs on the other hand…
(and still still doesn’t affect whether you should refinance at no cost now.)
October 23, 2010 at 12:32 AM #621912sdcellar
ParticipantPrexactly.
And, fwiw, interest didn’t go into the trash either, just the difference in interest. Closing costs on the other hand…
(and still still doesn’t affect whether you should refinance at no cost now.)
October 23, 2010 at 12:32 AM #622472sdcellar
ParticipantPrexactly.
And, fwiw, interest didn’t go into the trash either, just the difference in interest. Closing costs on the other hand…
(and still still doesn’t affect whether you should refinance at no cost now.)
October 23, 2010 at 12:32 AM #622595sdcellar
ParticipantPrexactly.
And, fwiw, interest didn’t go into the trash either, just the difference in interest. Closing costs on the other hand…
(and still still doesn’t affect whether you should refinance at no cost now.)
October 23, 2010 at 12:32 AM #622914sdcellar
ParticipantPrexactly.
And, fwiw, interest didn’t go into the trash either, just the difference in interest. Closing costs on the other hand…
(and still still doesn’t affect whether you should refinance at no cost now.)
October 23, 2010 at 6:53 AM #621843EconProf
ParticipantFlu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.
October 23, 2010 at 6:53 AM #621927EconProf
ParticipantFlu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.
October 23, 2010 at 6:53 AM #622487EconProf
ParticipantFlu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.
October 23, 2010 at 6:53 AM #622610EconProf
ParticipantFlu, you should get a 30-year loan, not 15. Who cares what the interest cost difference is? If inflation and prevailing interest rates in 5 or 10 years are in or near double-digits and you are sitting pretty in a 4% or so loan, you will make so much more money.
-
AuthorPosts
- You must be logged in to reply to this topic.