MONKEY MUSINGS DAILY OPEN DISCUSSION #26 3/9/09 - 3/14/09

[marymary]

Can you please delete it now!!  Thank you!!

Sorry CBB for all the edits again!!

I knew I should not have said anything!!  I thought it was just us and wouldn't be requoted!!  I thought it would remain private at least for now!! 

I am off to bed now!!  Night Everyone!!!  Please don't discuss it here!!  Thanks!!

Mt, I have a really bad upper respiratory cold and I am going to bed too.  I am thinking of you though and will talk tomorrow.  xoxoxo

[KCJackie]

Can you please delete it now!!  Thank you!!

Sorry CBB for all the edits again!!

I knew I should not have said anything!!  I thought it was just us and wouldn't be requoted!!  I thought it would remain private at least for now!! 

I am off to bed now!!  Night Everyone!!!  Please don't discuss it here!!  Thanks!!

Mt, I have a really bad upper respiratory cold and I am going to bed too.  I am thinking of you though and will talk tomorrow.  xoxoxo

Good Night MT and MM!!!
Sweet Dreams
xoxoxoxoxoxo

[KCJackie]

BG - nanners!!!

[Bearlyhere]

Can you please delete it now!!  Thank you!!

Sorry CBB for all the edits again!!

I knew I should not have said anything!!  I thought it was just us and wouldn't be requoted!!  I thought it would remain private at least for now!! 

I am off to bed now!!  Night Everyone!!!  Please don't discuss it here!!  Thanks!!

I'm sorry, Sweet Pea.  I'll help however I can.

Oh, God, I knew she killed him, why did anyone give her that damn hammer in the first place?

[crazybabyborg]

I can' wait for the responses from this crew, but here goes............

I've been filling out an application to refinance the lakehouse because the rates are down. I have a 30 yr. fixed, and was applying for another for the balance due.

I got to thinking.....................

All mortgages have all the interest up front, right?

So, if I just applied for a simple home equity loan and used it to pay off the existing mortgage, then I'd have simple interest to pay and every time I made a pmt. a bunch more would come off the principle, and I'd have the house paid for in about 6 years according to my calaculations, making the exact payment I'm makng now.

What am I missng?

I am not sure about just paying interest on the equity loan. Without going into how much you owe and what you asking to borrow, would make a difference. But would you get the same low rate on an equity loan as a refinance loan?

Home Equity Loans run about 3/4 -1 percent higher. But that's still 1.5 percent lower than my existing mortgage. I owe 129K, and the original mortgage was 160k. The house appraised for 273k. I'm paying $666.13 every 2 weeks. I'm thinking if I continue the payments on 129k exactly as I am, the principle would come down a LOT quicker because the interest would be simple rather than "amoritized".  Does that make sense?

[Bud's Girl]

BG - nanners!!!

back atcha

[Green Eyes]

Good Night MM
Sweet Dreams
God Bless
GE

[marymary]

Sorry, forgot to say goodnight to everyone.  Wow, sure can come up and down in here.  I am feeling like doo doo right now with a horrible racking cough.  Thanks for the laughs though.   

[Bud's Girl]

Sorry, forgot to say goodnight to everyone.  Wow, sure can come up and down in here.  I am feeling like doo doo right now with a horrible racking cough.  Thanks for the laughs though.   

Night, mm.  Please take care of yourself.  Vicks on feet w/socks !   XOXO

[Bearlyhere]

Can you please delete it now!!  Thank you!!

Sorry CBB for all the edits again!!

I knew I should not have said anything!!  I thought it was just us and wouldn't be requoted!!  I thought it would remain private at least for now!! 

I am off to bed now!!  Night Everyone!!!  Please don't discuss it here!!  Thanks!!

Mt, I have a really bad upper respiratory cold and I am going to bed too.  I am thinking of you though and will talk tomorrow.  xoxoxo

Disinfecting the cage!!!

           

[Bearlyhere]

I can' wait for the responses from this crew, but here goes............

I've been filling out an application to refinance the lakehouse because the rates are down. I have a 30 yr. fixed, and was applying for another for the balance due.

I got to thinking.....................

All mortgages have all the interest up front, right?

So, if I just applied for a simple home equity loan and used it to pay off the existing mortgage, then I'd have simple interest to pay and every time I made a pmt. a bunch more would come off the principle, and I'd have the house paid for in about 6 years according to my calaculations, making the exact payment I'm makng now.

What am I missng?

I am not sure about just paying interest on the equity loan. Without going into how much you owe and what you asking to borrow, would make a difference. But would you get the same low rate on an equity loan as a refinance loan?

Home Equity Loans run about 3/4 -1 percent higher. But that's still 1.5 percent lower than my existing mortgage. I owe 129K, and the original mortgage was 160k. The house appraised for 273k. I'm paying $666.13 every 2 weeks. I'm thinking if I continue the payments on 129k exactly as I am, the principle would come down a LOT quicker because the interest would be simple rather than "amoritized".  Does that make sense?

The interest would still be compound.

[Green Eyes]

I can' wait for the responses from this crew, but here goes............

I've been filling out an application to refinance the lakehouse because the rates are down. I have a 30 yr. fixed, and was applying for another for the balance due.

I got to thinking.....................

All mortgages have all the interest up front, right?

So, if I just applied for a simple home equity loan and used it to pay off the existing mortgage, then I'd have simple interest to pay and every time I made a pmt. a bunch more would come off the principle, and I'd have the house paid for in about 6 years according to my calaculations, making the exact payment I'm makng now.

What am I missng?

I am not sure about just paying interest on the equity loan. Without going into how much you owe and what you asking to borrow, would make a difference. But would you get the same low rate on an equity loan as a refinance loan?

Home Equity Loans run about 3/4 -1 percent higher. But that's still 1.5 percent lower than my existing mortgage. I owe 129K, and the original mortgage was 160k. The house appraised for 273k. I'm paying $666.13 every 2 weeks. I'm thinking if I continue the payments on 129k exactly as I am, the principle would come down a LOT quicker because the interest would be simple rather than "amoritized".  Does that make sense?

I guess it's been so long since I have had to think about these things. But can you us the Equity loan payments as tax deductable interest for you income. That doesn't sound right. Hope you get what I am trying to say.

[KCJackie]

MT CALL ME!!!!!  I just took my Ambien!!

[marymary]

Sorry, forgot to say goodnight to everyone.  Wow, sure can come up and down in here.  I am feeling like doo doo right now with a horrible racking cough.  Thanks for the laughs though.   

Night, mm.  Please take care of yourself.  Vicks on feet w/socks !   XOXO

Thanks Buds - I knew I forgot something.  Pick up Vicks tomorrow.  Nite nite XoXoXo

[KCJackie]

CBB did you get my email yesterday?   

[Bearlyhere]

Nite Sleepy Monkeys!

MT may you sleep in the arms of your angels.

[KCJackie]

Nite Sleepy Monkeys!

MT may you sleep in the arms of your angels.

[Green Eyes]

MT CALL ME!!!!!  I just took my Ambien!!

Oh Jackie I hope all is okay.
GE

[KCJackie]

MT CALL ME!!!!!  I just took my Ambien!!

Oh Jackie I hope all is okay.
GE

Everything is fine.  MT likes to talk to me right after I take my sleeping pill - she thinks she gets more info out of me.

[peanut]

cbb, not to be a pain but could you please edit my text out of my original post i just quoted? i edited it out here and replaced it with a pic, but the original needs a good wiping clean. *puppy eyes*

thank you!