Comment on Heh heh

• meco03211@lemmy.world ⁨1⁩ ⁨week⁩ ago

  And the principle and interest can’t change (unless you did something like an ARM). Escrow and insurance might go up, but that won’t remotely pace inflation.

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• deranger@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

  Making small principal payments significantly reduces paid interest, nevermind large.

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• jj4211@lemmy.world ⁨1⁩ ⁨week⁩ ago

  I will say that at least right now in my area, renting is actually a bit lower than the expected mortgage payment for comparable housing. However, that advantage would shift after 2-3 years as rent goes up but the mortgage would have stayed the same.

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• oyo@lemmy.zip ⁨1⁩ ⁨week⁩ ago

  Having an interest rate significantly lower than high yield saving account returns significantly reduces my interest in making any extra payments.

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  • jj4211@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Congratulations, though a lot of folks are certainly not in that boat.

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