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Bobbieo (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:30 PM Original message |
Need Some DU Advice On My Mortgage! |
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bigscott (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:32 PM Response to Original message |
1. ignore your friend |
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ileus (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:35 PM Response to Reply #1 |
8. around 3k to do the refi....you do the math. |
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DoYouEverWonder (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:33 PM Response to Original message |
2. Talk to a good accountant |
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lectrobyte (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:33 PM Response to Original message |
3. I think you are better off paying it off early, if possible, |
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berni_mccoy (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:33 PM Response to Original message |
4. What is the current interest rate on your mortgage? |
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izzybeans (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:34 PM Response to Original message |
5. I would find out exactly how much your taxes would increase |
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Demobrat (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:34 PM Response to Original message |
6. First of all figure out your breakeven. |
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Tess49 (606 posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:34 PM Response to Original message |
7. I know I would feel better if my house were paid for in full. Naturally, |
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Lerkfish (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:41 PM Response to Original message |
9. better to have no debt than to incure more debt to get short term money |
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lapfog_1 (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 12:41 PM Response to Original message |
10. That's silly... unless you LIKE being in debt OR you need |
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matcom (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 01:02 PM Response to Original message |
11. I'm in the business |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 03:53 PM Response to Reply #11 |
17. Absolutely. |
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kath (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 01:14 PM Response to Original message |
12. Your friend is nuts. |
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freethought (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 01:18 PM Response to Original message |
13. It's pretty pointless to refinance when you have only |
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Nye Bevan (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 01:19 PM Response to Original message |
14. Don't refinance unless you need to borrow money |
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Wcross (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 01:48 PM Response to Original message |
15. NO WAY!!!!! |
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denverbill (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 03:00 PM Response to Original message |
16. You are always better off paying off a mortgage. |
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kath (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 05:14 PM Response to Reply #16 |
20. Well, in your scenario it's not a choice between paying $1000 or saving $300 - |
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China_cat (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 04:25 PM Response to Original message |
18. If you don't have enough in qualifying deductions |
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Writer (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 04:32 PM Response to Original message |
19. I typically would suggest that you avoid paying off your mortgage... |
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kath (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 05:18 PM Response to Reply #19 |
22. Actually, it would make April simpler - one less receipt (the one from the bank |
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billyskank (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 05:17 PM Response to Original message |
21. Even better - save up from your money left over and pay it off early |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 05:19 PM Response to Original message |
23. your friend is an idiot... |
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cemaphonic (1000+ posts) Send PM | Profile | Ignore | Thu Dec-07-06 08:53 PM Response to Original message |
24. On top of what everyone else has to say |
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