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Type: Posts; User: Mrraymonds01

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  1. Question: Refi help

    by Mrraymonds01
    Answers
    9
    Views
    12,782

    I like the idea of the money up front to get debt...

    I like the idea of the money up front to get debt free except for the mortgage. She is forgeting the non- deductible interest on the CC's and pension loan and the opportunity cost of spending our...
  2. Question: Refi help

    by Mrraymonds01
    Answers
    9
    Views
    12,782

    Scott, we have $100,000 cash in bank, $175,000...

    Scott, we have $100,000 cash in bank, $175,000 in IRA's 2 family rental free and clear worth $200,000 with rent of $2,250 coming in from it. Not really worried about the future as I think we...
  3. Question: Refi help

    by Mrraymonds01
    Answers
    9
    Views
    12,782

    $2810 X 72 payments = 202,320 old payments ...

    $2810 X 72 payments = 202,320 old payments
    $2151 X 36 payments =+ 77,436 old payments
    279,756 total old payments
    $1405 X 108 payments =...
  4. Question: Refi help

    by Mrraymonds01
    Answers
    9
    Views
    12,782

    Also I don't think I care about the equity and...

    Also I don't think I care about the equity and the end of the nine years since we get most of it throughout the nine years. Unless I'm wrong. Thanks
  5. Question: Refi help

    by Mrraymonds01
    Answers
    9
    Views
    12,782

    Sorry Scott the 188,000 is 5.01%, the 80,000...

    Sorry Scott the 188,000 is 5.01%, the 80,000 is 6.25%, the 40,000 is 5.75%
  6. Question: Refi help

    by Mrraymonds01
    Answers
    9
    Views
    12,782

    Refi help

    Hi, I'm 55, retired with a $98,000 a year government pension, my wife is 52 and is a stay at home mom.
    We have a home worth $550,000 with a mortgage of $188,000 with a payment of $1,207 a month...
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