Comments on: Our decision on the 15 vs 30 year mortgage debate! https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/ Money | Minimalism | Mohawks Fri, 19 Feb 2021 13:24:53 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Demetrios Montez https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-299614 Sun, 03 May 2020 11:02:25 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-299614 In reply to Paul.

i agree 100%!

]]> By: Demetrios Montez https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-299613 Sun, 03 May 2020 10:52:54 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-299613 In reply to J. Money.

try california!! OMG im going to move east as soon as i can! maybe NH?

]]> By: Matt @ The Working At Home Man https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-278465 Sun, 26 May 2019 19:57:05 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-278465 Hi J Money,
Sorry, I am a bit late to reply. Congrats on making the decision. That’s usually the hardest part!
Fingers crossed you get it knocked over in 15 years!
Thanks for tagging my comment as well!
Matt

]]> By: J. Money https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-278140 Tue, 14 May 2019 17:55:58 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-278140 In reply to Greenbacks Magnet.

Totally! PMI blows…

]]> By: Greenbacks Magnet https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-278128 Tue, 14 May 2019 15:51:10 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-278128 Looks good to me.

You have definitely done your homework. Putting down 20% makes all the difference. NO PMI!!! Put that money towards paying off the principal instead of paying mortgage insurance. That’s the way to go for sure.

Navy Federal also has loans with NO PMI just an FYI

xoxo, Miriam

]]> By: J. Money https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-277821 Wed, 01 May 2019 22:28:48 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-277821 In reply to Retiree – Yippee.

You had me at “paid back!” haha…

You raised some diligent kids! :)

]]> By: Retiree - Yippee https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-277690 Mon, 29 Apr 2019 13:34:19 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-277690 When we owned our last home, one of us wanted to get a $100k heloc (in case kids wanted loans for down payments – which they did – and paid back!), and it took a while to convince the other. When we retired and bought a condo that needed a total upgrade, we maxed out the heloc and were able to rehab the condo before moving in. (Of course, we got less cash when the house sold!) We now have a 30 year mortgage on which we pay extra every month – and we are very happy!

]]> By: LG https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-277652 Fri, 26 Apr 2019 14:26:26 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-277652 People buy cars priced at around R1, 500,000 and pay it over 5 years. Mortgage loan must be paid over five years. If vehicle finance is so affordable.

]]> By: J. Money https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-277644 Fri, 26 Apr 2019 11:54:28 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-277644 In reply to Cashflow Cop.

CHALLENGE ACCEPTED.

]]> By: J. Money https://eliteedgemoney.com/15-vs-30-year-mortgage-debate-answer/#comment-277643 Fri, 26 Apr 2019 11:54:06 +0000 https://staging.eliteedgemoney.com/?p=60481#comment-277643 In reply to DJ.

Yeah!!! Such a great community here in the PF world – what did we do before the interent???!

(oh right – we never talked about it openly because it was taboo ¯\_(ツ)_/¯ )

]]>