| Posted By |
Message |
| Pages: [1] 2 |
lululu
LIF Adult
Member since 7/05 9509 total posts
Name:
|
What type of mortgage do you have?
Just out of curiousity, for those who own homes, what type of mortgage do you get? or those that are still looking, what do you plan on getting?
|
Posted 8/25/06 12:34 PM  |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: What type of mortgage do you have?
great poll!
We are going to have a 30 year fixed. I dont mess around.
|
| Posted 8/25/06 12:36 PM |
| |
|
Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
|
Re: What type of mortgage do you have?
We got a 30 year fixed at 6.25%
|
| Posted 8/25/06 12:37 PM |
| |
|
SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
|
Re: What type of mortgage do you have?
Posted by Meaghan729
great poll!
We are going to have a 30 year fixed. I dont mess around.
ditto
|
| Posted 8/25/06 12:39 PM |
| |
|
lululu
LIF Adult
Member since 7/05 9509 total posts
Name:
|
Re: What type of mortgage do you have?
I am the only IO up there so far..... 
|
| Posted 8/25/06 12:39 PM |
| |
|
SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
|
Re: What type of mortgage do you have?
Posted by lululu
I am the only IO up there so far.....
is it a fixed IO?
|
| Posted 8/25/06 12:40 PM |
| |
|
lululu
LIF Adult
Member since 7/05 9509 total posts
Name:
|
Re: What type of mortgage do you have?
Posted by SweetestOfPeas
Posted by lululu
I am the only IO up there so far.....
is it a fixed IO?
nope 5 yr ARM..... we like to live on the edge!!!
|
| Posted 8/25/06 12:43 PM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: What type of mortgage do you have?
don't worry, IOs arent necessarily evil. Unless you havent been making additional principal payments.
IOs were used in the past for people who are paid by commission in a seasonal business.
FH and I are both salaried, so IO is not really for us. Id rather make that principal payment each month - because if you dont have to make it I know I would spend it elsewhere.
|
| Posted 8/25/06 12:43 PM |
| |
|
lululu
LIF Adult
Member since 7/05 9509 total posts
Name:
|
Re: What type of mortgage do you have?
Funny you say that - FH and I work in heavily bonus based jobs and the most attactive feature for us was the fact that we could make large principal repayments, without penalty, and have our monthly payments adjust instantly.
|
| Posted 8/25/06 12:46 PM |
| |
|
MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
|
Re: What type of mortgage do you have?
Posted by lululu
Funny you say that - FH and I work in heavily bonus based jobs and the most attactive feature for us was the fact that we could make large principal repayments, without penalty, and have our monthly payments adjust instantly.
unfortunatley I know people who are teachers that have IOs!!! and they have NOT been making principle payments 
|
| Posted 8/25/06 12:47 PM |
| |
|
charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
|
Re: What type of mortgage do you have?
We have two mortgages, 80% fixed, 15% home equity (which we fixed through Wamu's Personal Equity Management product). This way we avoided PMI.
|
| Posted 8/25/06 12:50 PM |
| |
|
|
|
Re: What type of mortgage do you have?
Posted by charon54
We have two mortgages, 80% fixed, 15% home equity (which we fixed through Wamu's Personal Equity Management product). This way we avoided PMI.
This is what we did. Our HELOC is not a fixed rate, but in a year we've already put a huge dent in it because DH sends the equivalent of about 10 payments a month. We should have it paid off by the end of '07, I think.
|
| Posted 8/25/06 12:58 PM |
| |
|
BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
|
Re: What type of mortgage do you have?
30 yr fixed
|
| Posted 8/25/06 1:13 PM |
| |
|
snowprincess
My happy babies
Member since 3/06 3428 total posts
Name:
|
Re: What type of mortgage do you have?
we will have a 7 year arm because it was the free way to get a 9 month lock on the interest rate
|
| Posted 8/25/06 1:18 PM |
| |
|
lulugrrl
My 3 Blessings
Member since 3/06 6551 total posts
Name:
L
|
Re: What type of mortgage do you have?
I took an ARM with a lock for 2 years, I refinanced when the rates when crazy low to a 30 fixed, and before mine started adjusting..worked out great for me, dont think I will do it again though.
|
| Posted 8/25/06 1:20 PM |
| |
|
Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
|
Re: What type of mortgage do you have?
30 year fixed.
We make an extra payment to principle every month so it will be paid off in 15 years. It will give us a few years break before the college tuition starts
|
| Posted 8/25/06 1:27 PM |
| |
|
antoinette
boy mamma
Member since 5/05 2975 total posts
Name:
Antoinette
|
Re: What type of mortgage do you have?
we have a 30 yr fixed but are seriously considering a 5 yr arm for the house we are buying
|
| Posted 8/25/06 3:24 PM |
| |
|
LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
|
Re: What type of mortgage do you have?
I chose other b/c we have a 30 yr fixed and the second mortgage is 15 yrs fixed. Both at 5%.
|
| Posted 8/25/06 3:36 PM |
| |
|
MrsA
.............................
Member since 1/06 2012 total posts
Name:
|
Re: What type of mortgage do you have?
we considered doing a IO mtg for 5 years (right now w/ all the construction costs it woulda helped!) but figured we'd go the safer route and went w/ a 30 year fixed.
|
| Posted 8/25/06 3:37 PM |
| |
|
leighdvm
My golden boys!
Member since 3/06 4419 total posts
Name:
Michele
|
Re: What type of mortgage do you have?
I think we are getting a VA loan -- we are putting 10% down and will have no PMI........if we weren't getting the VA, we'd get the 30-year fixed.
|
| Posted 8/25/06 4:54 PM |
| |
|
MommaG
Yay Spring!
Member since 5/05 5133 total posts
Name:
Gloria
|
Re: What type of mortgage do you have?
I said other. We have a 15 yr fixed but are getting a 20 yr fixed in order to pay for the addition to our house.
|
| Posted 8/25/06 5:07 PM |
| |
|
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: What type of mortgage do you have?
no clue - what ever my dh thinks is best for us at the time
considering it's what he does for a living- I trust him
we most likely wont go a traditional route- b/c we had the advantage of being able to re-fi anytime and we don't have to pay closing costs etc.
|
| Posted 8/25/06 5:50 PM |
| |
|
MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
|
Re: What type of mortgage do you have?
30 year fixed with a little more than 20% down. 5.5125%rate.
|
| Posted 8/25/06 6:15 PM |
| |
|
MrsPorkChop
Twinning!!
Member since 5/05 9941 total posts
Name:
Missy
|
Re: What type of mortgage do you have?
im the idiot with the 5 year arm 
|
| Posted 8/25/06 6:45 PM |
| |
|
Nicole728
My Happy Girl
Member since 7/06 8198 total posts
Name:
Me
|
Re: What type of mortgage do you have?
we have a 30 yr fixed
|
| Posted 8/25/06 8:17 PM |
| |
|
| Pages: [1] 2 |
