• SpaceNoodle@lemmy.world
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      11 months ago

      Damn, how’d you get that sweet deal? Mortgage rates bottomed out at around 2.7% in Q3 2020.

      • nick@midwest.social
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        11 months ago

        I put a ton down (the entire sale price of my last house, which I owned outright) on mine to get 2.2. Plus my credit is like 810 or something.

        Not bad for a dude who had his house foreclosed on in 2013.

        • SpaceNoodle@lemmy.world
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          11 months ago

          Not bad indeed. I was also completely in the hole in 2013 with 800+ credit … but didn’t have nearly that much to put down, leaving me with a massive 2.8%. Not bad for a HCOL area though.

      • ooterness@lemmy.world
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        11 months ago

        Not all mortgages are 30-year fixed. Rates are typically lower on 15-year and 10-year terms.

    • Stalinwolf
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      11 months ago

      This is some Sims 1 roof shit.

      Also, the guy who owns this house comes across your comment and goes 😕

      • cerement@slrpnk.net
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        11 months ago

        big empty attic with awkward beams and spray-in insulation, dust and flocking floating everywhere, a couple cracked 1×6 planks run across the rafters providing a precarious path between the undersized access hatch and the shutoff switch on the side of the HVAC unit …

  • Da_Boom@iusearchlinux.fyi
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    11 months ago

    Don’t refinance Just act like it’s financed for 8 percent, use the extra money you saved to pay all except $10 as fast as you can, that way the loan is all but non existent, but the account is still open, so you can then use that loan to pay for other expensive things and investments

    This is actually how my uncle (who’s a mechanic) bought 2 brand new cars. It’s a very clever way of doing things.