To: ex-Texan
I bought a new home earlier this year. When I told the loan officer I wanted a 15 year fixed rate, she said hardly anyone goes that route. But she never tried to talk us out of it. Had I done this with my last home, I would have owned it free and clear, since I had it for 15 years. Instead, I had to pay off the remaining 90k owed on it. The new home will also be a long term proposition, since we plan on it being our retirement home. With a 15 year loan, it'll be paid off when we retire. And that will make us really well off financially to not have that burden.
20 posted on
09/24/2006 12:39:38 PM PDT by
AlaskaErik
(Everyone should have a subject they are ignorant about. I choose professional corporate sports.)
To: AlaskaErik
BINGO!!!!!!! GREAT FINANCIAL MOVE!!!!!!!! Everyone else should be so savvy!
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