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Type: Posts; User: chickenbroccoli

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  • Do something that generates revenue for a company...

    Do something that generates revenue for a company and you’ll always have a job (sales).
  • How much cash is there on the sidelines?

    How much cash is there on the sidelines?
  • No chit

    No chit
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    3,465

    Yes have fun

    Yes have fun
  • They have in Italy

    They have in Italy
  • No notary?

    No notary?
  • Barter for a house in a third world country....

    Barter for a house in a third world country. Trade some chickens or goats for house.
  • All bets are off until after the election. Either...

    All bets are off until after the election. Either way, buying the **** out of this dip.
  • Yep

    Yep
  • In his post he’s paying at least 1 point to buy...

    In his post he’s paying at least 1 point to buy down the rate to 2.625%. Zero points he’s at 3%.
  • Yep roll everything in, lock, and start sending...

    Yep roll everything in, lock, and start sending your income/asset docs to the lender.
  • Your calculator is off. $7,000 amortized over...

    Your calculator is off.

    $7,000 amortized over 15 years at 2.625% interest is $1,475. paid over the life of the loan.

    Extra payments for sure. They help tremendously.

    Interest rates are so...
  • Yes the new lender is likely rolling in a new...

    Yes the new lender is likely rolling in a new escrow account so OP doesn’t need to bring a check to fund the escrow account at closing.
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    It’s always a better scenario to pay more...

    It’s always a better scenario to pay more principal, always, on any loan.

    But just saying the interest rate has nothing to do with the term of the loan since interest is only charged based from...
  • While it’s not good practice to financing...

    While it’s not good practice to financing interest with interest, these rates are so low that is doesn’t really matter as much as it has in the past.

    Just stick to $4.01 per thousand rule to...
  • If your loan balance is currently $153k there is...

    If your loan balance is currently $153k there is NO reason why your new loan balance should be $160k.

    You only roll in closing fees to your loan amount which should be $3,000 absolute MAX.

    Do...
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    Dude you can make the monthly payment whatever...

    Dude you can make the monthly payment whatever you want lol. And pay the loan off as fast at you want. A lower rate only helps pay it off faster.

    Doesn’t matter how long you’ve have the loan for.
  • For every $1,000 more you borrow, your monthly...

    For every $1,000 more you borrow, your monthly payment increases $6.72.

    I wouldn’t worry around the interest costs. $2,000 at 2.625% is $52.5 a year.
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    Who cares?

    Who cares?
  • I believe it. I’d lock it.

    I believe it. I’d lock it.
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