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UTPhil2006

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Posts posted by UTPhil2006

  1. On 5/4/2018 at 10:13 AM, FigurelliPwC said:

    Thanks Phil, that is exactly what my lender quoted so that makes me feel better.  He suggested we go with the 30 and just make extra payments if we want to payoff sooner.

    Yep that makes a lot of sense. You can always pay the 30 like a 15 and have that cushion if something comes up.  Especially in this case where the rates are almost the same. 

  2. 7 hours ago, vicerous said:

    Thanks for the info Tx/Phil, that's about what I had assumed. Stubborn MIL is despondent about the house - It needs a roof and some other things and she's completely overwhelmed. Needs the cash sooner rather than later but I'm trying to get her to listen to reason/talk to an actual realtor so she at least knows where she stands. 

    Yep we’ll for sure give her a call today to go over things. 

  3. <--- Resource.  We do Mortgages and Real Estate and have done 500+ Surly/Shaggy members homes.  I can definitely help you and walk you through the entire process.  You can always email me at pdubord@prodigymbo.com (Mortgage) or phil@reihomerealty.com (Real Estate) at any time with any questions.  Where are you located?

  4. On 4/20/2018 at 8:42 AM, UTPhil2006 said:

    Back up to 2.90 area.  Basically we go up to around 2.95 then down to 2.75 and hover in between in the interim, at least that's how it's been for about the last 90 days for those that have asked about rates or the future of rates.

    Passed 3.00 for the first time since 2013 sitting at 3.03 currently. 

  5. 13 hours ago, MNLonghornFUKM said:

    Whats the smarter move...

     

    take money out of my down payment to pay off specials(35K total, roughly 350/mo), or using that money to put 20% down and eliminating PMI/having the lower mortgage?

     

    Its almost a wash for my total monthly payment, but Id still have 10% down if I paid off the specials, and I figure itd be quicker to get to that 20% then refinance vs taking 20-25 years to pay off specials, any advice? 

    20% down 

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