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One lender told me nothing below 30K. I am quite torn. I don't want to re-fi this moment. But I am obsessed with paying extra on the mortgage. The issue is my car cannot possibly last for the 9 years, best case scenario of me paying off my mortgage. I have to re-fi at some point to pay off a used car, and then go back to focusing on paying down the mortgage.
Anyway, can I get one later? A payment is scheduled. I keep cancelling it and re-setting it, lol!
One lender told me nothing below 30K. I am quite torn. I don't want to re-fi this moment. But I am obsessed with paying extra on the mortgage. The issue is my car cannot possibly last for the 9 years, best case scenario of me paying off my mortgage. I have to re-fi at some point to pay off a used car, and then go back to focusing on paying down the mortgage.
Anyway, can I get one later? A payment is scheduled. I keep cancelling it and re-setting it, lol!
I don't understand why you would have to refinance your home loan. ??
Well, I got a great person at my current lender to answer all my q's and do lots of calculations. They will re-fi as low as 20K, that is good to know, but even at 34K there is no benefit to me that makes it worth it.
How much is your mortgage like $200 a month plus insurance and taxes?
With an appraisal cost it's not worth doing it.
$300. It would go down to $200. $3400 in closing costs eve. w/o appraisal (streamlined). Not worth it. IDk how I will get a car to drive, but it won't be from $100/month lower mortgage, extending it and paying all that extra!
If it didn't cost so much, I would do it for the $100/month. Pair that with what I have been paying extra on the mortgage for like a 2 year old car. Then go back to giving that amount to the mortgage. But .... nope. I'm not paying that. Not smart.
If I'd quit giving extra to the mortgage I could save for a car but I get antsy with money in savings past emergency funds. Especially when there is something with interest I'm being charged .... interest bugs the crap out of me ....
My car still runs fine, but it won't for 10 more years which is when my mortgage will be gone ....
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