In my Goals for 2021 post I mentioned that I would consider refinancing again if the conditions were right. I looked at this from a lot of different angles, including riding out the mortgage I’d signed in 2019, sending one or more lump sum payments, overpaying the existing mortgage monthly, and refinancing. In the end,… Continue reading “Final” Refi Complete
Tag: mortgage
Why I Decided to Refinance Again
As a homeowner, 2020 provided some interesting opportunities. Home prices in the suburbs surrounding major metro areas have gone up considerably, while interest rates have plummeted. This has fueled a wave of refinancing (both for good and bad reasons). At the end of 2019, before anyone even knew what COVID-19 was, I refinanced my mortgage,… Continue reading Why I Decided to Refinance Again
Dropping the Hammer on My Mortgage
One of my major goals for 2020 was to make one very large lump sum payment to my mortgage this year. I had planned to do this last year, but plummeting interest rates presented the opportunity to refinance so I reallocated some money to that and pushed the goal to 2020. My original goal was… Continue reading Dropping the Hammer on My Mortgage
Buying Back Four Years – I Refinance Again
Back in January I laid out my financial goals for 2019. One of my major goals was to get my mortgage down below $350k, and ultimately set myself on a path to start paying more principal than interest on the loan. Had I done nothing, I wouldn’t be paying more in principal until 2027. Had… Continue reading Buying Back Four Years – I Refinance Again
The PMI Problem – SOLVED
A few weeks ago I wrote about my PMI problem. To summarize, I’ve been paying $195/month in PMI. I think home appraisals are subjective nonsense. I wanted to remove PMI multiple times but the bank laughed at me. After posting the article, I manned up and called my bank. I explained how I’ve completed many… Continue reading The PMI Problem – SOLVED
The PMI Problem
I have a dirty little secret that makes me so angry with myself: I’m paying $195/month in PMI. I’ve been paying this nonsense for almost four years. That means by this October, I’ll have paid $9360 in vapor. Nine thousand, three hundred and sixty dollars just thrown into the void. All because we had to… Continue reading The PMI Problem
Freed by 50 