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View Diary: The bank said 'You'll be back.' (549 comments)

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  •  Hm! This "interest rate cut" everyone's talkin' (14+ / 0-)

    about has me thinking I should look into it. Man, a cut in payment, that would be nice.

    You may've thought this through already, but if she will now pay more, say half-way between what she was paying before, and her current payment, OR pay at what she was paying before, it will sure get the house paid off faster.

    The last time I re-fi'ed, I continued to pay at a higher rate, which meant I was paying 2 extra months' worth of principal every month. Did that for about 3 years, taking 3 months' worth of payments off the back end of the mortgage every month. Boy was that enjoyable!

    This health care system is a moral atrocity. Dr. Ralphdog

    by AllisonInSeattle on Fri Nov 04, 2011 at 09:11:49 PM PDT

    [ Parent ]

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