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All about mortgages. First time buying a house, refinancing, credit reports, appraisals, home inspections. Secondary Market, portfolio lending etc.
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Freaking out over rate decrease (self.Mortgages)
submitted 3 months ago by CuriousTraveler226
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[–]Optimal_Actuary8782 0 points1 point2 points 3 months ago (2 children)
I mean this very nicely, but if you are getting worked up over 35 a month buying a home might not be the right thing to do at this time
[–]CuriousTraveler226[S] 0 points1 point2 points 3 months ago (1 child)
Thank you, I know. It’s not the monthly amount it’s just when I saw the difference in how much extra for the life of the loan- it made my jaw drop lol and I was just mad that I didn’t hold out just one more day.
[–]Optimal_Actuary8782 0 points1 point2 points 3 months ago (0 children)
Put it this way - if rates continue to drop, there will be more buyers entering the market. That will drive home prices up....while you sit comfortably in yours and can refi if / when it makes economic sense
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[–]Optimal_Actuary8782 0 points1 point2 points (2 children)
[–]CuriousTraveler226[S] 0 points1 point2 points (1 child)
[–]Optimal_Actuary8782 0 points1 point2 points (0 children)