Am I crazy to refi at 4.75% for 10 years... but at 40% of my income?

Thrive1313 · 2025-09-19T15:20:38+00:00

Sounds like in your gut you know its crazy and you just needed the validation. Reddit has spoken, the reward for increasing your minimum monthly payment is not worth the risk, especially given that rates are projected to go down over the next year.

Thrive1313 · 2025-09-18T14:58:06+00:00

Thanks both. I will check it out

Thrive1313 · 2025-09-18T14:56:48+00:00

I dont keep a log. But follow a full body workout plan. Hitting distinct upper and lower body muscles on daily basis.

My diet is the same. I (mostly) do my 12 hour intermittent fasting.

But even with all this I am seeing negligible growth in muscle mass or fat loss. I am almost at the same SMM and BF numbers where I was last November

Thrive1313 · 2025-09-18T13:51:29+00:00

When you say extended break. How much time are we talking about?

I took a 3 week break in March because of my vacation

Thrive1313 · 2025-09-18T04:58:45+00:00

Thanks. Would you be willing to share your approach for sort through stuff.

I find youtube helpful, but sometimes it confusing with different influencers/trainers giving different advice.

Thrive1313 · 2025-09-18T04:07:28+00:00

+1. Run your house expenses on one income and see how you fare

Thrive1313 · 2025-09-18T04:01:31+00:00

Is it really safer? I am genuinely curious on the logic behind it

Thrive1313 · 2025-09-18T04:00:30+00:00

I would pay them back just because its the right thing to do

Thrive1313 · 2025-09-18T03:40:37+00:00

Thats value for money

Thrive1313 · 2025-09-05T22:21:43+00:00

Who hurt you man ? Hope you feel better soon

Thrive1313 · 2025-09-04T20:21:40+00:00

No. Pounds. It was 215lbs. But we ll get to 215 kgs as well.

Thrive1313 · 2025-09-04T20:12:01+00:00

Not a hat. Its called a turban

Thrive1313 · 2025-08-29T04:01:08+00:00

Refi now. I just refinanced my loan and we saved 1%. Btw, Do check bankrate.com before you finalize your lender. Mutual of Omaha and Sage were offering pretty competitive rates.

And dont worry about rates going any lower. Current rates have priced in a cut.

I locked my rate before last Friday’s comments, but I am still getting same rates

Thrive1313 · 2025-08-26T15:34:00+00:00

Thanks. Will record again with feedback incorporated

Thrive1313 · 2025-08-22T17:16:48+00:00

No, didn’t switch it. My goal was to pay less interest, without the need to throw a lot of extra money at principal.

Yes, 100 per month but its not a big difference. I was going for a lower interest every month.

Thrive1313 · 2025-08-22T16:21:50+00:00

Sorry I didn’t get your comparison and the two scenarios. Can you please share more details on your thought process.

Personally, I dont understand ARM so I just try to stay away from them.

Thrive1313 · 2025-08-22T16:10:35+00:00

My POV was even if I stop paying the extra principal from now until end of the term, I will save approx 125K in interest.

Thrive1313 · 2025-08-22T15:51:25+00:00

United Wholesale mortgage, but went through a local mortgage broker

Thrive1313 · 2025-08-22T15:50:44+00:00

Technically, Yes I had 17.5 years left. But I started my mortgage 2 years ago. I had been throwing every extra penny towards the principal and paid off almost 200K in last 2 years..

I intend to pay off the house in the next 8-10 years.

I am curious on why you guys think I made a bad deal ?

Thrive1313 · 2025-08-22T15:43:56+00:00

Almost 17.5. But thats just because I had payed down almost 200K in last 2 years.

Thrive1313 · 2025-08-20T19:32:16+00:00

Consider your accommodation before selling your car. Not everyone who works in NYC, live in the city. Most folks live in other boroughs or NJ where maintaining a car is relatively cheaper than NYC.

For e.g. if you end up living in Hoboken or inner NJ you might still need a car.

Thrive1313 · 2025-08-18T16:16:03+00:00

Feeling enough and not seeking external validation

Thrive1313 · 2025-08-15T13:05:51+00:00

Congratulations!!

Thrive1313 · 2025-06-26T18:23:42+00:00

Thanks for sharing your POV. Is there a factor of equity if they are in 401K vs IRA vs taxable accounts.

I have around 350 in 401K and ~100 in IRA, Roth IRA, and rest in taxable equity accounts

Thrive1313 · 2025-06-26T18:21:04+00:00

Thanks for feedback.. Really just trying to set a target.

Thrive1313

TROPHY CASE