My death mortgage is up for renewal in August, I wonder if these low rates can hold out till than. Even with only 6 months to go my payout penalty is astronomical. I just don't think saving 1.25% for the next 6 months is going to equal 16 grand out of pocket today. I know the first thing I'll be after is a mortgage I can GTF out of without hanging myself.
In a prime example of stupid people doing stupid things and being idiots with their money and putting themselves in situations where they are perpetually poor due to their own doing......I will be renewing my mortgage with my wife on Mat leave having to use a lower income figure. As a result I'll likely get bent over again as most lenders will want to avoid me.
My life lessons for people in dealing with real estate....Don't own pets, and don't have kids. You will have a lot more flexibility. It should help you avoid the stupid decisions with mortgages and real estate that I have made. I got the ever living shat kicked out of me by this last mortgage to the point where renting would have been a better option...but thanks to kids and pets....it really wasn't an option.
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"Some guys like old balls"
Patriots QB Tom Brady
Last edited by Sylvanfan; 01-21-2015 at 01:33 PM.
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