tag:blogger.com,1999:blog-37147734.post5536440447571366263..comments2024-02-05T03:19:36.585-05:00Comments on Living Almost Large: Chance to shorten your mortgage?Living Almost Largehttp://www.blogger.com/profile/06594523259748625997noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37147734.post-3666946985451519772008-01-24T18:13:00.000-05:002008-01-24T18:13:00.000-05:00Thanks Boomie.Thanks Boomie.Living Almost Largehttps://www.blogger.com/profile/06594523259748625997noreply@blogger.comtag:blogger.com,1999:blog-37147734.post-22794586058925062152008-01-24T16:22:00.000-05:002008-01-24T16:22:00.000-05:00LAL-I read your blog daily. Every single day you ...LAL-I read your blog daily. Every single day you post interesting topics and discussions. Yes, you have a different way of looking at things and I find your ideas enchanting. I consider your blog to be the tops!<BR/><BR/>Again, may I reiterate: WOW!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37147734.post-32451461046956545902008-01-24T14:35:00.000-05:002008-01-24T14:35:00.000-05:00Boomie, LOL. It's a measure of potentially shorte...Boomie, LOL. It's a measure of potentially shortening the mortgage by a few thousand. <BR/><BR/>I'm not a debt lover, but I like to manage my money properly. DH and I are both science/numbers based people. We do what makes sense numerically.<BR/><BR/>We also like risk. But it's gotta be calculated risk. Hence why it depends on factors I can't see right now.<BR/><BR/>Also this is mimicking the mortgages in Australia where you get a HELOC for a 1st mortgage and then pay it off using every extra penny of savings. So it constantly goes down faster.<BR/><BR/>Like I said, you have to expand your mind to save money. Canadians mostly use 5/1 Arms, but their mortgage typically last 15-20 years. To them 30 years is crazy. Also they typically put down 25-30% minimally. But they view a 5/1 Arm mortgage as STANDARD.<BR/><BR/>So think outside the box and look at how you can save money on anything. If I can save money (lower interest) on my house, it's worth looking into.Living Almost Largehttps://www.blogger.com/profile/06594523259748625997noreply@blogger.comtag:blogger.com,1999:blog-37147734.post-19048631700921892202008-01-24T14:24:00.000-05:002008-01-24T14:24:00.000-05:00I've been reading so much about ridiculous mortgag...I've been reading so much about ridiculous mortgages and hearing so much from people who withdraw equity from their houses and such that it's like a breath of fresh air to read the words of someone else who believes a mortgage is there to pay off, as soon as reasonably possible. Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37147734.post-48662971621392782702008-01-24T14:06:00.000-05:002008-01-24T14:06:00.000-05:00Wow!That's all I can say.Wow!Wow!<BR/><BR/>That's all I can say.<BR/><BR/>Wow!Anonymousnoreply@blogger.com