Home of the Old Fart's Club

[Keef]

Go Cane !--Now what U need is an exercise cycle hooked up to a auto alternator so U can get paid for working out !--Be riding that meter backwards ! They running 12 volt panels then inverted to 110 AC and back into the grid ?

 

[Keef]

Since Katrina know how to make power became important to me !-- I ran a lamp a fan and a radio off then car battery thru an inverter for 2 weeks!--If I ran one car battery down I would jump it off from the other car and switch to the fresh car while the other ran long enough to recharge ! We would sit in the car for the AC when the heat became unbearable! --For awhile I kept a 12 volt solar panel and deep cycle 12 volt battery !-- I was working it after Katrina --Only house in the hood with light at night and radio news to keep up with what was happening ---I was really relieved when I heard News Orleans had dodged the bullet again!--We would be up and back to normal in no time !

 

[Keef]

Yeah I'm back !--I need some financial advice from the smart brothers and sisters !--We have a mortgage at about 3.75 % interest ---We want to reduce the monthly payment --We got about $20,000 we want to put on the principal---How we do that?-- Refinance ? I do 't know about these kind of things !--I mostly grow weed and shoot sheet !

 

[WeedHopper]

Are you using a 30yr fixed right now? If so thats a pretty good rate. But if you refinance and put 20k down and get the same are a better rate you will deff lower your payments on a 30yr fixed. If ya dont owe much you could get a 15yr fixed with 20k down because you can get even a lower interest rate on a 15yr fixed. But there are so many varables that its hard to say without more info which way for you to go. So many things ya can do with 20k. Lol

 

[mrcane]

Keef If your just going to pay the loan down, should be no problem, they will take your money. should be no penalty for early payment.. 3.75% would be hard to beet....Depending on size of note,credit , Ect..

 

[WeedHopper]

Here is some info that might help.
12Ways to reduce payment
http://usmortgagecalculator.org/12-ways-reduce-mortgage-payment/

 

[WeedHopper]

This was just one I found in the info above.
Buy Down Your Rate
I know it sounds like a car dealer trying to sell you clear-coating when your mortgage lender talks to you about buying discount points, but this can be a really good way to reduce your payments if you have the extra cash to spare and will be in your home for a while. You can typically purchase one discount point for one percent of the cost of your mortgage, with most lenders limiting you to the purchase of three points. Each point will reduce your rate by 0.125 to 0.25 percent, for the life of your loan. That can mean some serious savings over the life of the loan and a modest reduction in your monthly payment.

When you were borrowing the same $150,000 at that 4.27 percent conventional rate, the monthly principal and interest payment was $739.67, but by buying just one point, you’ll reduce your rate to 4.02 percent and the payment to $717.85. More points mean bigger savings, as illustrated in the table below

 

[Keef]

Thanks Hopper!--We gonna be here awhile!--$1600 a month !--No down payment 3.75 APR - Paid $180,000 - 10 years ago !--Property values skyrocketed since we bought !-- I thought refinance at a similar rate and put the $20,000 toward the principal so the amount financed will be less and so a lower monthly payment ! --Not a good idea ?

 

[mrcane]

W.H. Got it Down... $1600 month Man... I would try to get that down.. Glad I'm Paid off....

 

[Keef]

That payment includes taxes and insurance !---but got reduce it ! Cane living at the beach ---If U want to play --U got to pay !--- RWS --I mean D.D. always dreamed of living at the beach !--Check that off the list ! Sit out at night and listen to the waves !-- I thought the price was right ! Texas Veterans Land Program --Gonna by Keef nice secluded 10 acre plot with a grow house for no down payment and very low interest rate!--Bet I can make it pay for itself easy !--$80,000 or less! ---If we gonna make dreams come true --If always want a 10 acre pot farm !--Way up Copperhead Road !

 

[yarddog]

Whew, my monthly payment is $525 insurance and taxes included. No beach view. But we used to be on the coast. Couple thousand years ago. Lol.

 

[WeedHopper]

Jesus Bro thats a high mortgage. Ouch. I lived in a 3700sf new home in florida for 1100.00 month lease.
Now I only pay 696.00 thats with taxes and insurance. Course im back home in texas. Ill just paint a picture of the beach on my windows. Lol Yehaaaaaaaaaa
You need to get that payment down Little Brother.

 

[mrcane]

Neighbor gave me a couple bottles of "Not Your Fathers Root Beer" 5.9% Alcohol, think I will give it a try...He is always trying to get me to have a drink, So I told him I love a good root beer.. Little P****

 

[mrcane]

Now, I don't drink regularly, So with a Joint, I'd say this is pretty good root beer. :stoned:

 

[Keef]

No beach view !--About 1/2 mile as the crow flies from the beach!-- Since the property values went up it should be worth over $250,000 and it's plain!-- owes around $100,000 !--insurance and taxes are high for Texas !-- I got my eye on one of them finger tip lot sticking out in the bay!--$500,000 for an empty water front lot !---I'm gonna need a place to dock my float plane !- Coming in from London up over the pole !--Do some tree top flying ! A man got to have dreams!

 

[Rosebud]

Hi guys!

Hippie, i wrote the long story out and then i lost it.. Seriously... But, i think you have to be a woman to understand the mortification of it all. I will try to explain it again, but it turns out to be a long a s s story.

Keef, i am glad you are feeling a little better. I was taught that you needed to lower your interest rate by 2 % to make it worth refinancing. But if you could put that money down and change it to a 15 year loan, then I would do it. It is amazing how much you can pay down your mortgage at just 50 extra bucks a month. Glad that is over for us too Cane.

We have snow and now freezing rain on top of the fresh powder. That is better then the other way around. I want cocoa and marshmallows. With some nurse larry on the side.

 

[Keef]

Rosebud !--What's shaking girlfriend !--D.D. been attending births both C-section and natural deliveries !--Kraven and I are medical we heard worse no matter what it is but --Some stories are too much for the general public !-- I worked in the O.R. for 20 years--O.R. nurses got the nastiest mouths in the world !--

 

[mrcane]

We sit about a mile or so from the Salt water, That's close enough,I can hear it & smell it, Hey sometimes I hear the surf & Lions roaring early in the morning..It's cool.. Living on the beach is hell on everything.. Have an aunt lives right on the water, never ending maintenance on the house..

 

[Hippie420]

Boy, did I screw up tonight. Old Hen and I went to the watering hole today for a little libation. Came home, Hen wants me to put the chickens up 'cause she's afraid of the dark (go figure), so I do it. I walk up to the coop, go to shut the door, and I spot a grey blob on the ground. Upon closer inspection, it's a damn opossum waiting for dinner! I kick the bastard in the head, which was a mistake when you're wearing sandals. He rolls over and hisses at me! I kick him in the head a second time wishing I was wearing my jack boots, and all I accomplished was hurting my big toe. Finally realized I had a gun in my pocket but the bastard had already departed for parts unknown.

I'll bait the live trap tomorrow and give him a swimming lesson. Time for bubble.

 

[Keef]

Cane --This wasn't my dream !-- A lawn mower rust away after 2 years !--My poor truck just rusted away !-- Neither of us had much growing up and if it pleases her to live at the beach ----Then we gonna live at the beach!---We both have had a life changing event about once a decade!--Our first home went up in flames --10 years later Lady Katrina came to call!-- We are well aware that it don't matter what U got --It can all be gone tommorrow !-- One day sooner or later there will be a storm surge that WILL wipe this place off the face of the earth !---Dat's a fact Jack !--- No false sense of security here !--Keep the insurance current cause that might be all U have to rebuild !--I'm getting pretty good at rebuilding !