Gold Member BOHICA Posted August 1, 2020 Gold Member Share Posted August 1, 2020 Super easy. 2.25% 15 year Going from a 3.75%. 30 year with 25 years to go at minimum payments. Pretty crazy savings over the life of the loan. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 1, 2020 Share Posted August 1, 2020 8 hours ago, BOHICA said: Super easy. 2.25% 15 year Going from a 3.75%. 30 year with 25 years to go at minimum payments. Pretty crazy savings over the life of the loan. I need to get on this....as soon as I get the siding done I’m looking at going 15 or even 10 year with one of the local credit unions. If I can get near 3 I’ll be super happy Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 1, 2020 Share Posted August 1, 2020 1 hour ago, f7ben said: I need to get on this....as soon as I get the siding done I’m looking at going 15 or even 10 year with one of the local credit unions. If I can get near 3 I’ll be super happy I finally made the call myself this week. Was told by several that most banks and brokers are super busy right now because of the rates, and to expect it to take a bit to close. I've seen some 2.75% rates, gonna have to dig a little further if I can get a 2.25%, by the time they pack the costs in, usually bumps the real rate a bit, but still. Quote Link to comment Share on other sites More sharing options...
Snake Posted August 1, 2020 Share Posted August 1, 2020 Just now, DriftBusta said: I finally made the call myself this week. Was told by several that most banks and brokers are super busy right now because of the rates, and to expect it to take a bit to close. I've seen some 2.75% rates, gonna have to dig a little further if I can get a 2.25%, by the time they pack the costs in, usually bumps the real rate a bit, but still. We used a VA loan on the house in the beginning. Got a note yesterday offering 2.25/2.39. Great if I needed it. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 1, 2020 Share Posted August 1, 2020 1 hour ago, f7ben said: I need to get on this....as soon as I get the siding done I’m looking at going 15 or even 10 year with one of the local credit unions. If I can get near 3 I’ll be super happy I've always had a 15 year on my last 3 houses, it's amazing how fast you gain equity with those. Quote Link to comment Share on other sites More sharing options...
Cold War Posted August 1, 2020 Share Posted August 1, 2020 9 hours ago, BOHICA said: Super easy. 2.25% 15 year Going from a 3.75%. 30 year with 25 years to go at minimum payments. Pretty crazy savings over the life of the loan. Same. In the works. Quote Link to comment Share on other sites More sharing options...
Edmo Posted August 1, 2020 Share Posted August 1, 2020 And I thought 4% was fabulous. My first mortgage was like 14 or 15%. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted August 1, 2020 Author Gold Member Share Posted August 1, 2020 (edited) 1 hour ago, Cold War said: Same. In the works. My wife saw somebody said rates were crazy low on her Facebook. Told it was fake news like everything else on Facebook. called a broker and bam..... Close in prolly 2 weeks or less on a new VA. Edited August 1, 2020 by BOHICA 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 1, 2020 Share Posted August 1, 2020 3 hours ago, DriftBusta said: I finally made the call myself this week. Was told by several that most banks and brokers are super busy right now because of the rates, and to expect it to take a bit to close. I've seen some 2.75% rates, gonna have to dig a little further if I can get a 2.25%, by the time they pack the costs in, usually bumps the real rate a bit, but still. 2.25 would more than likely have points but 2.75 or so can be found without depending on the day. Things are busy which has driven rates up some but they really can't fall much further, Investors are goign to demand a return for the risk. Pretty much every company is setting records month after month. Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted August 1, 2020 Share Posted August 1, 2020 1.75 is offered here in canada. Thankfully we have no mortgage. However at these rates I may get one and invest the money in the awesome stock market taking money from fools like ben. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 1, 2020 Share Posted August 1, 2020 16 minutes ago, ManOnManOral said: 1.75 is offered here in canada. Thankfully we have no mortgage. However at these rates I may get one and invest the money in the awesome stock market taking money from fools like ben. Yah....the market is so amazing that’s it’s down for the year still ....oh wow Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted August 1, 2020 Share Posted August 1, 2020 55 minutes ago, f7ben said: Yah....the market is so amazing that’s it’s down for the year still ....oh wow yet I am making a killing. Sorry that you are inept and cannot win in this market. Perhaps you can get wolfie to guide you along before you are out on the street. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 1, 2020 Share Posted August 1, 2020 2 minutes ago, ManOnManOral said: yet I am making a killing. Sorry that you are inept and cannot win in this market. Perhaps you can get wolfie to guide you along before you are out on the street. You’re a liar and a fraud and a red nosed fat ass....kill yourself pegger Quote Link to comment Share on other sites More sharing options...
Zambroski Posted August 1, 2020 Share Posted August 1, 2020 7 minutes ago, f7ben said: You’re a liar and a fraud and a red nosed fat ass....kill yourself pegger Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 1, 2020 Share Posted August 1, 2020 2 hours ago, f7ben said: Yah....the market is so amazing that’s it’s down for the year still ....oh wow This is not the time for passive management, but very selective active management. I'm up 7% YTD and would be up over 10% if not for the poor performance of one long term holding (Edgepoint). The stocks pushing this are mostly what I call destructive innovators or new trend setters and it takes talent to filter through mostly garbage to find them. So get help if you're unable (obviously) to find good picks. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 1, 2020 Share Posted August 1, 2020 2 hours ago, ManOnManOral said: 1.75 is offered here in canada. Thankfully we have no mortgage. However at these rates I may get one and invest the money in the awesome stock market taking money from fools like ben. At that rate you only need a 2.7% tax efficient return to get past that borrowing. Anyone who can't beat that should throw in the towel. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted August 1, 2020 Share Posted August 1, 2020 18 hours ago, BOHICA said: Super easy. 2.25% 15 year Going from a 3.75%. 30 year with 25 years to go at minimum payments. Pretty crazy savings over the life of the loan. Never had a mortgage on the 3 homes I bought, but holy cow that's a great % rate. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 1, 2020 Share Posted August 1, 2020 3 hours ago, f7ben said: Yah....the market is so amazing that’s it’s down for the year still ....oh wow Most of my -portfolios are up double digits ytd,. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 1, 2020 Share Posted August 1, 2020 31 minutes ago, DriftBusta said: Most of my -portfolios are up double digits ytd,. He should swallow his pride and call you. But he will likely kill himself first. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 1, 2020 Share Posted August 1, 2020 1 hour ago, DriftBusta said: Most of my -portfolios are up double digits ytd,. Thanks trillions of debt!!! Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted August 2, 2020 Share Posted August 2, 2020 1 hour ago, f7ben said: Thanks trillions of debt!!! Your stuck on that point. if you are not getting your share all you end up doing is paying others when they take theirs. Are you rteally this obtuse. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 2, 2020 Share Posted August 2, 2020 11 minutes ago, ManOnManOral said: Your stuck on that point. if you are not getting your share all you end up doing is paying others when they take theirs. Are you rteally this obtuse. Yes sir....I am really this obtuse Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 2, 2020 Share Posted August 2, 2020 3 hours ago, XCR1250 said: Never had a mortgage on the 3 homes I bought, but holy cow that's a great % rate. Real estate ownership is so much better when properly leveraged. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 2, 2020 Share Posted August 2, 2020 14 minutes ago, f7ben said: Yes sir....I am really this obtuse You're an idiot. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 2, 2020 Share Posted August 2, 2020 1 minute ago, ArcticCrusher said: You're an idiot. Possibly Quote Link to comment Share on other sites More sharing options...
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