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Rep Retirement Lodge 198 - A New Season Begins...
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Originally posted by MavHockey14 View PostWe had a couple inches this morning. Melted now, but oof.Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Before I start a separate thread to ask this question, I'm going to put this out here to get some advice. I got a letter from the bank that holds my mortgage. For the past year or so, I've been paying down my principal. The letter said that because I've been doing that, I've cut 27 months off the time length left on it. Which is cool. So, I can keep on doing what I'm doing and pay to off a couple years early, OR - they can decrease my monthly payment by close to about $300/month and my last payment will be what it was scheduled to be when I refinanced.
Both options are interesting. Just trying to get some feedback from a variety of people to see if there are reasons pro and con that I can't see right now. Like, tax reasons or something. What do you guys think?
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Originally posted by Scarlet View PostBefore I start a separate thread to ask this question, I'm going to put this out here to get some advice. I got a letter from the bank that holds my mortgage. For the past year or so, I've been paying down my principal. The letter said that because I've been doing that, I've cut 27 months off the time length left on it. Which is cool. So, I can keep on doing what I'm doing and pay to off a couple years early, OR - they can decrease my monthly payment by close to about $300/month and my last payment will be what it was scheduled to be when I refinanced.
Both options are interesting. Just trying to get some feedback from a variety of people to see if there are reasons pro and con that I can't see right now. Like, tax reasons or something. What do you guys think?
Curious to see what others say. It seemed counter intuitive to not do it but when we worked the #s it didn't look as good as I thought it should
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Re: Rep Retirement Lodge 198 - A New Season Begins...
It's not re-financing, though. No change in the interest rate. All they're offering is keep it as is and end it early, or keep the same end date and lower my monthly principal payment. If I do the latter and I continue to pay more towards the principal, I could end it early AND pay less per month. I would wind up paying additional interest over the course of the loan if I did the latter.
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Good Evening, Lodge!
Above average Sunday. Drove out to Hoven's Corner Store to check out the place and then back to my office to visit the usual idiots.Originally posted by SkeetermanLady Wore Black is a hottie.
"No matter what happens in college hockey tournament, the Yankees will not win the World Series this year." - Mr. wore Black
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Good evening! My daughter and I spent the day making gumbo then had my wife's sisters and husbands over for dinner. Was dang good!
Minnesota's Pride On Ice: 1974, 1976, 1979, 2002 & 2003 NCAA National Champions
And the preacher said, you know you always have the Lord by your side
And I was so pleased to be informed of this that I ran
Twenty red lights in his honor
Thank you Jesus, thank you Lord
~Mick Jagger/Keith Richards
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Originally posted by Lady wore Black View PostGood Evening, Lodge!
Above average Sunday. Drove out to Hoven's Corner Store to check out the place and then back to my office to visit the usual idiots.Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
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Originally posted by Scarlet View PostIt's not re-financing, though. No change in the interest rate. All they're offering is keep it as is and end it early, or keep the same end date and lower my monthly principal payment. If I do the latter and I continue to pay more towards the principal, I could end it early AND pay less per month. I would wind up paying additional interest over the course of the loan if I did the latter.FERRIS STATE UNIVERSITY: 2012 FROZEN FOUR
God, that was fun...
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Originally posted by Hammer View PostYou just found your answer. Keep doing what you’re doing. The only thing they’re offering you is the opportunity to pay them more interest.
Flip side of this as well is how do you look at debt? Do you want none of it ever and want things paid as fast as humanly possible?
Or can you use the money you’re borrowing to make more money?
For example, if you put an extra $1,000 towards the principle, when the interest on it is 4%, can you make 5% on it anywhere? If so, why pay extra? Now of course, there’s risk involved putting your money into a market, etc. but long term you’re generally going to see returns higher than what rates have been on mortgages (until the last few months maybe).AF 99
M-A-V-E-R-I-C-K-S, MAVERICKS, MAVERICKS, GOOOOO STATE!
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Good morning to tLodge!Quinnipiac Bobcats
2023 National Champions
ECAC Regular Season Champions: 2012-13, 2014-15, 2015-16, 2018-19, 2020-21, 2021-22, 2022-23, 2023-24
ECAC Tournament Champions: 2016
East Regional: 2013 (Champions), 2014, 2016 (Champions), 2023 (Champions), 2024
Northeast Regional:
West Regional: 2015, 2021
Midwest Regional: 2019, 2022
Frozen Four: 2013, 2016, 2023 (Champions)
Pass complete. Lipkin has a man in front! Shot... SCORE!!!
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Originally posted by Ralph Baer View PostI received $5M from Helen Paul. The total is now $867,483,816.22.Last edited by Ralph Baer; 10-15-2018, 07:08 AM.
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Re: Rep Retirement Lodge 198 - A New Season Begins...
Originally posted by Ralph Baer View PostI received $2.5M from MR. FRANK OTUTUNZU. The total is now $869,983,816.22.
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Re: Rep Retirement Lodge 198 - A New Season Begins...
I was paying extra on the principle to finish paying it off sooner. Which apparently is working, since I'm currently finishing up 27 months ahead of schedule. So, yeah, I guess I will continue doing what I'm doing. My ultimate goal is to pay off as much as possible in case I happen to sell it. I want to clear as much as I can and not have to pay off so much from a sale.
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