undefined | Better HN

0 pointstagoregrtst4y ago0 comments

they paid more than double then what they bought it for. Interest at 11% over 30 years is larger than the principle.

0 comments

They did not hold the house very long :)

Why not refinance when rates decline?

If they fall within the lifetime of the loan. 11% interest rates werent a one year thing.

That being said, I keep forgetting refinancing is one of the great American blessing we dont enjoy elsewhere. And Ive refinanced twice already :D

j / k navigate · click thread line to collapse

0 pointstagoregrtst4y ago0 comments

they paid more than double then what they bought it for. Interest at 11% over 30 years is larger than the principle.

They did not hold the house very long :)

Why not refinance when rates decline?

If they fall within the lifetime of the loan. 11% interest rates werent a one year thing.

That being said, I keep forgetting refinancing is one of the great American blessing we dont enjoy elsewhere. And Ive refinanced twice already :D

j / k navigate · click thread line to collapse