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#1 |
Donating 4WT Yakker
Join Date: Sep 2006
Location: Central Texas
Posts: 5,717
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Judy, we are financing it. I don't want to have to sell this home we have right now (that would be way too much stress for me), so the only way we could buy it was to finance. And the only reason I am able to do this (and keep my sanity) is knowing that I can sell the Austin house for the same price, and thus, be able to pay off the mortgage whenever I want. Yes, the interest rates are super low, especially for Gary - he can get a VA loan for disabled veterans at 3.4 percent interest. When I told the mortgage guy we would likely sell the Austin house (at some time) and pay off this mortgage, he cautioned us that we could likely make more money when we sold the Austin house by investing the money, rather than paying off a 3.4 percent mortgage. He is right of course, but I do want to NOT have a house payment at some point in my life, although this one will be super low due to low interest and no mortgage protection insurance and no property taxes.
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#2 |
Donating 4WT Addict
Join Date: May 2010
Posts: 1,073
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Interest is low, good luck with whatever decision you both make.
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#3 |
Donating 4WT 4000 Club Member
Join Date: Feb 2007
Posts: 6,509
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It's beautiful Gayle! You are smart and will make good financial decisions. Hope everything goes smoothly.
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"Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." ~MT |
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#4 |
Donating 4WT 2000 Club Member
Join Date: Sep 2006
Location: South Texas
Posts: 4,907
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Gayle, it looks very nice. Love the yard!!!! So happy for you and wish you both the very best in your move!!!
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![]() ![]() If anyone would like a free Bible Study CD or book entitled "Searching for Truth", PM me with your mailing address and I'll send you one. "And you shall know the truth and the truth shall set you free." John 8:32
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