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  1. Frugal Living
    As my sig says, I'm on the last legs of paying down the home loan and I want to get it over with ASAP, so that I can move on to bigger and better things (like a vacation for once). After the end of this month, in which my son will be going to a language immersion program for three weeks, we...
  2. Dave Ramsey
    We just became DR fans. We however are both 50, so retirement and savings is paramount. We also have a 3 & 5 year old. We have no debt besides mortgage, and never had debt. We have 90,000 in IRA that I put 200 towards a month. DR said should be 750,000 in 15 yrs. Have 50,000 savings, 9000...
  3. Dave Ramsey
    Hi there everyone! I just wanted to see if anyone on here has used the churchill mortgage company dr recommends/endorses on his site? I would like to refinance but I also love hearing real people's opinion's. TIA. Amanda
  4. Dave Ramsey
    I now have a consumer loan at 7.9% for 30 yrs for my mobile home. It does not include the land, which is paid off. I did it this way because I figure if something happened, I could always live on the property in a tent or something! I will start paying extra on the principal by the end of the...
  5. Debt Reduction & Money Management
    Kind of a similar vein to the other mortgage ? going on here-Suze Orman always tells people NOT to pay down extra on their mortgages IF it's not the house they'll keep long, long time or IF they're underwater. Why? We hope to move in perhaps 5 years or so, our house is currently roughy $15-20k...
  6. Debt Reduction & Money Management
    My ultimate goal concerning our finances has been paying off our mortgage. I have always thought that once the home is "ours" that our monthly bills will be almost nothing. However, I'm now realizing that we'll still be paying out a huge chunk every month for property taxes and insurance. We...
  7. General Chat
    As of today. *phew!!* :pblow: Still trying to settle into new place we will be buying, renting for now. Am wore out!! lol But happy. Am able to eat and sleep again finally, lol. Old mortgage... $2300 month (yeah, THEY messed up on escrow). New mortgage will be around $700 or...
  8. General Chat
    I am hoping the smart people here can help me look at all the angles on an upcoming decision. I will be buying a home and need to think about where to get my mortgage. My financial house is in order and I am buying well within my means, so getting the mortgage is not a significant hurdle. I...
  9. Debt Reduction & Money Management
    A couple of weeks ago, we refinanced our mortgage with a new lender (our credit union). We now have a 10 year mortgage at 3.125%. (Woohoo!:yippee: ) Unfortunately, as far as I can tell,our new mortgage company does not offer online payments, which we were taking advantage of with our last...
  10. Debt Reduction & Money Management
    A couple of my co workers have been bragging about how they have set up their mortgage company to take half a payment every 2 weeks. They are saying that the end up with an extra payment every year so it is paid off faster. Now call me crazy but wouldnt it be a wiser decision to take the money...
  11. Debt Reduction & Money Management
    I've been working at these numbers for an hour. I think I have the answer, but I've been working at it for so long that my mind is spinning and I need help! K. Here's the thing I'm trying to figure out. I'm trying to figure out which route is better. Currently our mortgage is at $107,963...
  12. Question and Answer
    Another thing I just can't understand.......... Can someone give me a scenario when using a reverse mortgage would be a good thing? There has been an ad on TV for them.........and I have a friend that has investigated them..........and almost did it :yikes:......with VERY LITTLE equity, but I...
  13. General Chat
    I'll be honest...I HATE mortgage renewal time. Am I the only one? I do the research and money-handing (which is probably for the better:lol:); DH stays out of it. So I'm the one scrambling, worrying, making phone calls to banks, researching... Should I do fixed or variable? Should I do 2...
  14. General Chat
    Ok not sure where to put this, mods feel free to move! Basically I was sitting here and that question popped into my head. What is the the difference between the two? :scratch:
  15. Dave Ramsey
    I have relocated for work and they offered a lot of relocation benefits. One of these is paid closing costs for the purchase of a new home. My wife and I still have about 63,000 in student loan debt. (60K of this is hers, 3K is mine, which we will pay off in about 10 days) With rates on 15 yr...
  16. Dave Ramsey
    We are at 22yrs on our mortgage at 6%...my home equity loan is at 24 yrs at 9%. Payment on mortgage is $587. HE is $316. Churchill mortgage has offered me a 20 yr at 4.25% with a combined (mortgage and HE) with pymt of $844. Also, a 15 yr mortgage at 3.5% with pymt of $885. Even though this...
  17. Dave Ramsey
    My question is if we should pay down our mortgage, if our house is upside down and we will eventually have to move (2-5 years). Would it be better to just save cash to be used when we have to sell to make up the difference or a down payment on our next home? Advice? What would Dave say?
  18. Debt Reduction & Money Management
    I need advice. I currently owe $118,000 on a 30 year fixed mortgage at 4.375% having paid 2 years on it. I can refinance down to a 15 year for 3.75% increasing my monthly payment by $225. here's the issue. I don't readily have the $225 a month. I do have a car payment of $231. I do have...
  19. General Chat
    We have 57,781.38 left on our mortgage....locked in at 6%...no way to refinance in Texas b/c of previously doing so about 10 yrs ago, so not an option there. After fully funding different EF's, building up a stockpile on a variety of things, there is 7,500.00 that we could either hold onto or...
  20. Debt Reduction & Money Management
    Could someone explain to me in easy terms what applied payments and unapplied payments are? I have been paying extra on my mortgage and it's been listed as 100.00 added to unapplied payments. This recent month it was something like 500 and some change added to applied payments. It has been 6...
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