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danielle
LIF Infant
Member since 7/05 137 total posts
Name:
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Re: What type of mortgage do you have?
30 year fixed on our co-op and will do the same with the house we will buy.
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Posted 8/25/06 10:08 PM  |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: What type of mortgage do you have?
30 year fixed
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| Posted 8/25/06 10:08 PM |
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Tumbalina
Better than the news!
Member since 2/06 2840 total posts
Name:
Angela
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Re: What type of mortgage do you have?
Posted by Nicole728
we have a 30 yr fixed
me too.
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| Posted 8/26/06 9:35 AM |
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Diane
Hope is Contagious....catch it
Member since 5/05 30683 total posts
Name:
D
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Re: What type of mortgage do you have?
we have a 15 year fixed
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| Posted 8/26/06 10:59 AM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: What type of mortgage do you have?
We have a 15 year mortgage with only 7 years left.
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| Posted 8/27/06 9:57 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: What type of mortgage do you have?
We originally took out a 80/10/10..the second loan was not fixed..but we ended up refinancing very soon at a better rate. Now it's a 30 year fixed.
The condo is a 10 year IO fixed. We did that because we plan on selling it in a few years. So far it's worth more than we paid. So far so good.
We may end up selling it next year. Hopefully the market will hold up.
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| Posted 8/27/06 10:23 AM |
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skew
LIF Adult
Member since 5/05 6794 total posts
Name:
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Re: What type of mortgage do you have?
Posted by Meaghan729
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 
what is wrong w/ not making principle payments? i decided to go w/ the IO ARM w/ the intention of NOT paying towards principle. iinstead, i invest the $$$ at an equal or higher rate. i am actually making money instead of dumping into equity. i kow it is not for everyone but it was the best decision for me.
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| Posted 8/27/06 11:03 AM |
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2Pisces
Life Coach
Member since 2/06 3337 total posts
Name:
Paige
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Re: What type of mortgage do you have?
Posted by charon54
We have two mortgages, 80% fixed, 15% home equity (which we fixed through Wamu's Personal Equity Management product). This way we avoided PMI.
us too.
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| Posted 8/27/06 11:04 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: What type of mortgage do you have?
Posted by skew
Posted by Meaghan729
Posted by lululu
Funny you say that - FH and I work in heavily bonus based jobs and the most attactive feature for us was the fact that we could make large principal repayments, without penalty, and have our monthly payments adjust instantly.
unfortunatley I know people who are teachers that have IOs!!! and they have NOT been making principle payments
what is wrong w/ not making principle payments? i decided to go w/ the IO ARM w/ the intention of NOT paying towards principle. iinstead, i invest the $$$ at an equal or higher rate. i am actually making money instead of dumping into equity. i kow it is not for everyone but it was the best decision for me.
because i know these people arent investing there $$ at a higher rate!
i said IOs were good for some people, but not for most people.
im glad its working out for you, but most people do not have that kind of disipline.
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| Posted 8/27/06 11:11 AM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: What type of mortgage do you have?
We started with a 30-year fized rate at 8.25% back in 2000.
We re-fied in 2002 and now have a 15-year fixed rate at 5.25%.
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| Posted 8/27/06 7:39 PM |
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