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/biz/ - Business & Finance

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>> No.57559601 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
57559601

>>57558093
God imagine how comfy a 50 year mortagage at 2.5% would have been

>> No.57423561 [View]
File: 23 KB, 477x184, mortgage rate.png [View same] [iqdb] [saucenao] [google]
57423561

>>57421193
>27
>more
>years
>of
>minimum
>payments

>> No.57128216 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
57128216

>>57128201
I'm not selling period, I'm locked at 2.625%

>> No.56515579 [View]
File: 23 KB, 477x184, mortgage rate 2.625.png [View same] [iqdb] [saucenao] [google]
56515579

God I love reading threads like this. Makes me feel so comfy that I have 28 more years locked at 2.625%.

>> No.56400185 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
56400185

>>56399813
makes me grin from ear to ear knowing that zoomers can't get cheap credit and are priced out

couldn't have happened to a worse generation of people

>> No.56217673 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
56217673

>>56213097
Same age and financial situation, except I'm investing my cash instead of paying off my mortgage. Plan is to retire in 3 years.

>> No.56044687 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
56044687

>>56044601
Yep

>> No.55760612 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
55760612

>>55758423
im good

>> No.55724945 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
55724945

>>55724871
of course i refinanced, rates were under 3%, im not turning down cheap credit that i can leverage

>>55724890
i bought a second home and turned this one into a rental, rental income pays for both mortgages

im white so i dont waste my money on dumb shit like sports cars, i drive a 10 year old tacoma with 100k miles

>> No.55568048 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
55568048

>>55567284
I locked at 2.625% for 30 years. Going to make minimums the entire length of the loan.

>> No.55506748 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
55506748

>>55504762
>bought in 2018 when rates were 4.5%
>purchase price 320k
>2019 home is worth 363k (+43k)
>2020 home is worth 381k (+18k)
>2021 home is worth 442k (+61k)
>refinanced in 2021 at 2.625%
>2022 home is worth 550k (+108k)
>2023 home is worth 531k (-19k)

At 2% inflation the equity gained (10k/year) covers the costs of the mortgage interest + property taxes + insurance (10k/year).

If I convert it to a rental, I get to deduct the mortgage interest + property taxes (9k), as well as depreciation (20k), meaning the rental income is tax free.

Never, ever going to sell.

>> No.55447557 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
55447557

Why would I pay down my mortgage?

>> No.54907999 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
54907999

>>54907460
The 2020s are going to be so fucking comfy reading post after post of losers who missed out on locking in a low rate.

>> No.54837563 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
54837563

>>54835687
Nice. I got 2.625% for 30 years.

Some idiot is renting it from me for $2700/mo.

>> No.54620807 [View]
File: 23 KB, 477x184, mortgage.png [View same] [iqdb] [saucenao] [google]
54620807

>>54618519
I'm at 2.625%. Had a good offer to sell it a year ago but rates were already over 5% at that point. Ended up renting it out to some idiot.

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