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james_clickmemedia · 03-04-2009, 04:53 AM

Credit crunch not always bad...

I just re-mortgaged my home on a 25 year note at 5% no escrow..
My house also appraised for 70k more than I purchased it for 15 months ago so I was able to get rid of the 2nd not and just have one saving $500 a month..
The best thing is now each month double the amount will go to principle compared to my old note plus I have 3.5 years less of payments.

03-04-2009, 04:53 AM
james_clickmemedia Confirmed User Join Date: Apr 2003 Location: Texas / London Posts: 2,204	Credit crunch not always bad Credit crunch not always bad... I just re-mortgaged my home on a 25 year note at 5% no escrow.. My house also appraised for 70k more than I purchased it for 15 months ago so I was able to get rid of the 2nd not and just have one saving $500 a month.. The best thing is now each month double the amount will go to principle compared to my old note plus I have 3.5 years less of payments. __________________ $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS BLACK-X.COM - NEW BLACK EX-GF SITE CLICKMEMEDIA.COM ~ ICQ - 8788771