The wife and I just returned from a local bank having signed a sheaf of papers for a refinance of our mortgage. Fifteen years at 3.00 percent. Can you believe it?
I can remember my parents getting a mortgage, or "death pledge," in 1977 for some astronomical figure--by today's standard--of 18 or 19 percent.
Of course back then we didn't burn our food in our gas or have greenie-weenies think giant propeller blades on hillsides would be "green energy." All it's good for is chopping up birds. And I'm not fond of that prospect.
And having a mortgage with a local bank is a boon after having to deal long-distance with a firm in San Antonio, Texas, which sold our original mortgage to a firm in New Jersey whose webpage was unreliable in the early days.
Not having the escrow for property taxes and the lower rate without any extra costs is bringing our overall payment down several hundred dollars. It's almost too good to be true.
I need to get a truck to make up the difference.
I guess I don't want to get ahead. I have a friend who's an immigrant from another country who works two full times and he owns three homes in the area. And he drives one of the worse clunkers you're ever gonna see. I've got the industry (I work harder than the majority of American males.), but do I have the frugality? I don't know. Yet.
I can remember my parents getting a mortgage, or "death pledge," in 1977 for some astronomical figure--by today's standard--of 18 or 19 percent.
Of course back then we didn't burn our food in our gas or have greenie-weenies think giant propeller blades on hillsides would be "green energy." All it's good for is chopping up birds. And I'm not fond of that prospect.
And having a mortgage with a local bank is a boon after having to deal long-distance with a firm in San Antonio, Texas, which sold our original mortgage to a firm in New Jersey whose webpage was unreliable in the early days.
Not having the escrow for property taxes and the lower rate without any extra costs is bringing our overall payment down several hundred dollars. It's almost too good to be true.
I need to get a truck to make up the difference.
I guess I don't want to get ahead. I have a friend who's an immigrant from another country who works two full times and he owns three homes in the area. And he drives one of the worse clunkers you're ever gonna see. I've got the industry (I work harder than the majority of American males.), but do I have the frugality? I don't know. Yet.
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