3 ms·
they paid more than double then what they bought it for. Interest at 11% over 30 years is larger than the principle.
by tagoregrtst 5y ago
they paid more than double then what they bought it for. Interest at 11% over 30 years is larger than the principle.
- voisin 5y agoWhy not refinance when rates decline?
- tagoregrtst 5y agoIf they fall within the lifetime of the loan. 11% interest rates werent a one year thing. That being said, I keep forgetting refinancing is one of the great American blessing we dont enjoy elsewhere. And Ive refinanced twice already :D
- jcadam 5y agoThey did not hold the house very long :)