At the time in 2013, I was able to get a 4.2% 30 year loan.
I refinanced in 2019 to a 15-year loan at the 2.1%, and in 2020 when rates were still low, I dumped more into the principal from a bonus, so I only have about 5-7 years left.
This is a super-hot Hudson River train destination , where people are dying to pay 3x what I paid for this home, but I can rent it out for 2x my mortgage. Even if I move, I’ll probably never sell this place.
I think this is also what’s going to happen - people with low rates who can afford to keep properties will make more renting them if they can. Rents are sky high too.
اس تبصرہ جواب دینے والے پہلے شخص بنیں۔