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cv2
ParticipantHi Raybyrnes,
Thanks for your input.
In my case, the loan amount is that high, a little over $100K. Let’s say if I pay off half of 100K, I still have to pay the same monthly payment for my original loan at $100K. Then I will have two payments: the monthly payment for $100K at 7% and the new payment for 50K. Roughly speaking my monthly payment will increase 50% right away. Granted, this will speed up my payoff schedule but I got a cash flow problem on my hand by doing this.
ParticipantThanks, DaCounselor.
In my case, I have money in the bank to pay of this loan if I see fit. I saved enough to buy another house but with the housing bubble, I did not buy and started to focus on paying off debts.
I thought although prime rate is set by WSJ, it is always Fed rate plus 3%. So currently fed fund rate is 2% and prime rate is 5%. Is this 3% margin always the case?
ParticipantThanks, DaCounselor.
In my case, I have money in the bank to pay of this loan if I see fit. I saved enough to buy another house but with the housing bubble, I did not buy and started to focus on paying off debts.
I thought although prime rate is set by WSJ, it is always Fed rate plus 3%. So currently fed fund rate is 2% and prime rate is 5%. Is this 3% margin always the case?
ParticipantThanks, DaCounselor.
In my case, I have money in the bank to pay of this loan if I see fit. I saved enough to buy another house but with the housing bubble, I did not buy and started to focus on paying off debts.
I thought although prime rate is set by WSJ, it is always Fed rate plus 3%. So currently fed fund rate is 2% and prime rate is 5%. Is this 3% margin always the case?
ParticipantThanks, DaCounselor.
In my case, I have money in the bank to pay of this loan if I see fit. I saved enough to buy another house but with the housing bubble, I did not buy and started to focus on paying off debts.
I thought although prime rate is set by WSJ, it is always Fed rate plus 3%. So currently fed fund rate is 2% and prime rate is 5%. Is this 3% margin always the case?
ParticipantThanks, DaCounselor.
In my case, I have money in the bank to pay of this loan if I see fit. I saved enough to buy another house but with the housing bubble, I did not buy and started to focus on paying off debts.
I thought although prime rate is set by WSJ, it is always Fed rate plus 3%. So currently fed fund rate is 2% and prime rate is 5%. Is this 3% margin always the case?
ParticipantIs this for primary residence only?
ParticipantIs this for primary residence only?
ParticipantIs this for primary residence only?
ParticipantIs this for primary residence only?
ParticipantIs this for primary residence only?
ParticipantI like the scenario that Clinton/Obama ticket with Clinton promise to be one-term president.
Obama is too young and untested for a leader at a critical time of the nation. He can talk the talk but I am not sure if he can walk the walk. Give him four more years to be in the spotlight and we will know for sure.
ParticipantI like the scenario that Clinton/Obama ticket with Clinton promise to be one-term president.
Obama is too young and untested for a leader at a critical time of the nation. He can talk the talk but I am not sure if he can walk the walk. Give him four more years to be in the spotlight and we will know for sure.
ParticipantI like the scenario that Clinton/Obama ticket with Clinton promise to be one-term president.
Obama is too young and untested for a leader at a critical time of the nation. He can talk the talk but I am not sure if he can walk the walk. Give him four more years to be in the spotlight and we will know for sure.
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