Finally refinanced my house today! Post a coin that's worth $200k or more
jessewvu
Posts: 5,065 ✭✭✭✭✭
Cause that's how much we have saved in interest by refinancing.
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month!
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month!
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Camelot
<< <i>Cause that's how much we have saved in interest by refinancing.
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month! >>
you sold your collection, refi'd the house to a 3.8 to knock down a payment for $17.00/month? Something is not right in the financial end of this transaction.
I started my mortgage at 4.5% for a 30 yr fixed on a 150K full out loan- with a 20% built in equity, and my payments are nuts to reality (under 900/mth-w/PMI)
I'm old- the kids can have thoe house when I die- it will be paid for by that time
Why refi to save $17.00 a month?- and lose your collection?
<< <i>
<< <i>Cause that's how much we have saved in interest by refinancing.
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month! >>
you sold your collection, refi'd the house to a 3.8 to knock down a payment for $17.00/month? Something is not right in the financial end of this transaction.
I started my mortgage at 4.5% for a 30 yr fixed on a 150K full out loan- with a 20% built in equity, and my payments are nuts to reality (under 900/mth-w/PMI)
I'm old- the kids can have thoe house when I die- it will be paid for by that time
Why refi to save $17.00 a month?- and lose your collection? >>
He saved $17/mo AND 120 payments...
<< <i>beat me to it... >>
Who's da man?
Not my Coin.
<< <i>
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month! >>
Good move.
And it left you with a $17 coin allowance!
<< <i>
<< <i>beat me to it... >>
Who's da man?
U da man!
Here's your $200k coin...okay, maybe $300k. Everyone loves Morgans, right?
Lance.
<< <i>Now that's just great. Losing 15 years debt is awesome. Hang in there and make it work!
Here's your $200k coin...okay, maybe $300k. Everyone loves Morgans, right?
Lance.
Lance, Thanks for being the first to offer a $500 coin for my next give-a-way... YOU da man!
<< <i>you sold your collection, refi'd the house to a 3.8 to knock down a payment for $17.00/month? Something is not right in the financial end of this transaction. >>
He's got a 15-year mortgage, not 25 years left on a 30 year mortgage.
60 years into this hobby and I'm still working on my Lincoln set!
How much is this?
Nice. About 200k in interest will not be paid here also (hard to tell as the original loan was adjustable). But I don't see myself buying a $200k coin.
Maybe someday when I am really old and decrepit, and the gold spouse series takes off, i'll have a $200k coin collection. In my dreams.
<< <i> >>
TDN, that is perhaps my favorite coin from your old set - gorgeous!
I was gonna post the Boyd 1870-S, but don't think it'd hit the $200k mark, give it a few more years
We are at historic lows for mortgage rates. I thought about paying mine off early, but decided that I can make more than 2.8 percent on my money. Remember that all the interest is tax deductible and it comes of the top at the highest rate.
We thought about paying extra on the loan and keeping it at 30 yrs, but we would be paying more in interest than our closing costs had we not refinanced. And now we are more motivated to pay it off fast
It's done and I am happy with it all. I am also VERY happy to be out of our old mortgage because Countrywide sucked and BoA was absolutely no help at all to try to modify our loan. I guess you just need to stop paying to get help now-a-days.
I'm not sure what the value of this copper one dollar pattern coin is, but it might be a candidate...
<< <i> I'm not sure of the value of this copper one dollar pattern coin, but I'm sure this one could be a candidate... >>
Let's just say that if it were available to be sold, the new buyer would probably consider it a screaming bargain at $2M
U.S. Type Set
<< <i>
<< <i>Cause that's how much we have saved in interest by refinancing.
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month! >>
you sold your collection, refi'd the house to a 3.8 to knock down a payment for $17.00/month? Something is not right in the financial end of this transaction.
I started my mortgage at 4.5% for a 30 yr fixed on a 150K full out loan- with a 20% built in equity, and my payments are nuts to reality (under 900/mth-w/PMI)
I'm old- the kids can have thoe house when I die- it will be paid for by that time
Why refi to save $17.00 a month?- and lose your collection? >>
That $17/month would probably equal $1000s in saved interest. A VERY smart move.
Congrats!
<< <i>Countrywide sucked and BoA was absolutely no help at all to try to modify our loan. I guess you just need to stop paying to get help now-a-days. >>
Banks have no incentive to modify loans that are current and thus presumably can be paid off under the existing terms.
60 years into this hobby and I'm still working on my Lincoln set!
It dropped our payment $1000/month after taking into account that we do our own escrow now. The bank was withholding $400 more per month than they needed on the escrow.
<< <i>Cause that's how much we have saved in interest by refinancing.
We were five years into a 30yr fixed rate mortgage at 6.5% and refinanced at 3.8% for 15yrs. I had to sell the majority of my personal coin collection to make it work (having to get to 10% equity) but think this was a good move. The best part is our payment actually went down $17 dollars a month! >>
If you make a payment every four weeks instead of once a month you will make 13 payments a year and pay it off in like 11 years with the extra interest you save, and make a bundle! Congratulations and good luck.