Comments on: Fixed 30 year Mortgage at 4% – Would you buy? http://www.llamamoney.com/fixed-30-year-mortgage-at-4-would-you-buy/ It's not just money - it's Llama Money Sat, 07 Aug 2010 05:53:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Llama Money http://www.llamamoney.com/fixed-30-year-mortgage-at-4-would-you-buy/comment-page-1/#comment-1714 Llama Money Tue, 03 Feb 2009 04:12:00 +0000 http://www.llamamoney.com/fixed-30-year-mortgage-at-4-would-you-buy/#comment-1714 You could always get the 30 year note, and continue making the same payment you are now ( with the additional going to principle ). That way you cut way down on your interest payments, cut down your term ( as long as you stick to your payment ), and you also have the flexibility of a lower payment if you *need* to cut back on expenses.. job less etc. Best of all worlds, you know? You could always get the 30 year note, and continue making the same payment you are now ( with the additional going to principle ). That way you cut way down on your interest payments, cut down your term ( as long as you stick to your payment ), and you also have the flexibility of a lower payment if you *need* to cut back on expenses.. job less etc. Best of all worlds, you know?

]]> By: Carl http://www.llamamoney.com/fixed-30-year-mortgage-at-4-would-you-buy/comment-page-1/#comment-1713 Carl Tue, 03 Feb 2009 01:40:07 +0000 http://www.llamamoney.com/fixed-30-year-mortgage-at-4-would-you-buy/#comment-1713 I would have to consider it. I have thought about refinancing now but we are 5 years into 30 years and do have a fair amount of equity now, our area has not been hit like other regions of the country. My biggest reason stopping me is I don't want to extend the term of the Note. If I could get a new better rate without extending the note, then I would be interested and actually the 15 year loans are real close to having the same monthly payment and cutting 10 years off. That perks my interest! I would have to consider it. I have thought about refinancing now but we are 5 years into 30 years and do have a fair amount of equity now, our area has not been hit like other regions of the country.

My biggest reason stopping me is I don’t want to extend the term of the Note. If I could get a new better rate without extending the note, then I would be interested and actually the 15 year loans are real close to having the same monthly payment and cutting 10 years off. That perks my interest!

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