Results 11 to 20 of 24
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07-14-2020, 09:58 AM #11UnregisteredGuest
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07-14-2020, 05:12 PM #12UnregisteredGuest
30 year mortgage rates are at 3% while 15 year mortgages are under 3% APR. You make 7%-8% in the stock market long term. Do the math over 20-30 years on which comes out ahead. Plus the mortgage payment stays the same but it is eroded every year by inflation while your pay goes up with inflation.
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07-14-2020, 06:26 PM #13UnregisteredGuest
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07-14-2020, 10:33 PM #14UnregisteredGuest
Hey moron, your 3 percent mortgage is front loaded. Do you understand basic arithmetic? Obviously not. Prepayment of 1 month means you pay 140 dollars and evaporate 1,300 in front loaded interest....get it. A little more than any stock and it's a guarentee. So instead of showing your ignorance why don't you take a financial class and stop with video games you moron.
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07-14-2020, 10:44 PM #15
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07-14-2020, 10:54 PM #16UnregisteredGuest
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07-14-2020, 11:02 PM #17UnregisteredGuest
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07-15-2020, 01:11 PM #18UnregisteredGuest
Sorry to tell you but this poster is right about frontloaded interest on a conventional mortgage. Call Larry fig respected cop who is now retired but sells mortgages. He has helped a lot of union people and is very smart with financial info. He taught us the formula the guy posted and why it works. I was like you and didn't understand until he showed me the math. Beats any other investment by a longshot. Just study the amortization schedule of the required 360 payments on a 30 year and you will see. GLMF!
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07-15-2020, 02:31 PM #19UnregisteredGuest
You both sound like a bunch of idiots. Probably a bunch of officers retired on duty counting down the days tell himself they are one bad day away from retirement. Y'all haven't done anything productive since day one and all you're doing is stealing money from the city. Continue to be a lazy ass and you will be blessed in life my friend
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07-15-2020, 02:34 PM #20
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