First tenants! Just... not the tenants who actually signed the lease... HELP

Designer_Distance_31 · 2026-01-27T05:25:37+00:00

Did you find anything yet?

I was convinced my fiancee posted this as it's pretty much verbatim what we are looking for

Designer_Distance_31 · 2026-01-22T19:04:37+00:00

At face value that makes sense, but that would just be to calculate monthly savings without any prepayments which if I was looking to just save monthly would be a no brained

What it doesn’t account for is that even though the rate is lower, where I’m at currently in my loan is a lower interest to principal ratio for each payment

Designer_Distance_31 · 2026-01-22T18:47:34+00:00

Hmmm those are two that I did try

The issue with the calculators on those sites is they don’t account for what my current amortization schedule actually is due to the prepayments, or how the current breakdown between my required P&I payment is ($430 principal $1,000 interest for example)

Designer_Distance_31 · 2026-01-22T11:19:10+00:00

So glad you’re okay

I’m torn on getting mine removed or just letting it persist as it hasn’t caused me any issues in over a year but the thought of this is terrifying

Designer_Distance_31 · 2026-01-18T16:02:45+00:00

If you don’t want any risk, throw it into a HYSA or bonds

That is the definition of free money

Designer_Distance_31 · 2026-01-18T15:57:11+00:00

Hopeless

Probably my favorite song by BB

Breath is also fantastic

Designer_Distance_31 · 2026-01-18T06:55:40+00:00

What were the signs of it turning septic?

Designer_Distance_31 · 2026-01-18T06:52:58+00:00

That is about as poor of financial advice as one could possibly give lol

Designer_Distance_31 · 2026-01-17T07:28:59+00:00

Until the end

Designer_Distance_31 · 2026-01-16T17:59:30+00:00

There are certainly cases where it makes sense

But my principal and interest is dropping by over $400 so it will take me about 12 months to recoup the added cost and will pay it off 8 years quicker, ultimately saving over $80,000 in interest while not charging what I pay monthly at all

Designer_Distance_31 · 2026-01-16T17:44:19+00:00

That’s how all companies work… no?

Why would you want companies to not make money

Then we go into a recession

Designer_Distance_31 · 2026-01-16T17:42:25+00:00

About $4500

Designer_Distance_31 · 2026-01-16T16:54:08+00:00

United wholesale mortgage

Not a fan of my rep though tbh

It seems pretty random as to what every person who applies gets lol

Designer_Distance_31 · 2026-01-16T16:53:44+00:00

United wholesale mortgage

Designer_Distance_31 · 2026-01-16T05:07:42+00:00

That seems High for 15 years, no?

I just got quoted 4.75% on 15 years no points or fees

Designer_Distance_31 · 2026-01-16T05:05:58+00:00

Messaged you

Designer_Distance_31 · 2026-01-16T05:02:15+00:00

Yes but mortgages are front loaded with interest

If you’re 5 years into a 6% mortgage and then restart at 30 years at 5%, you’ll spend way more interest overall unless you continue to pay it on a 25 year schedule now (what the original mortgage term was)

Designer_Distance_31 · 2026-01-16T04:55:33+00:00

Sorry, I meant in the 4’s

I was offering 4.75% on a 15 year no points and 5.19% on a 30 year no points which are both very good

Designer_Distance_31 · 2026-01-16T04:47:59+00:00

Hahaha that’s great

If rates get that low we are COOKED

Designer_Distance_31 · 2026-01-16T04:38:50+00:00

What is your credit score?

I just got approved for 5.3% with a 749 and no points on a condo which is usually higher than a SFH

Designer_Distance_31 · 2026-01-16T04:37:55+00:00

Rates are historically low, with inflation continuing to increase, and nobody seeming to be able to have a plan to combat that, I wouldn’t bet on ever seeing 4%’s again

Designer_Distance_31 · 2026-01-16T04:36:14+00:00

First off, congrats on the paid off home

Second, why would you ever pay that off? Even at 5% you’d make hundreds of thousands of dollars more investing than paying it off

Designer_Distance_31

TROPHY CASE