General Discussion

gulliver

(13,538 posts)

33. I have a mortgage with a low rate. Wish my principal had been higher these last few years

Sat Jul 22, 2023, 10:52 AM

Jul 2023

My home value has shot up. I get every dollar of that (the bank doesn't). My rate of return is based on the value of the home and the principal of the loan. I made a lot of money on the principal.

I think you make good points. No, I'm not selling my house until I'm ready to downsize and live in a van down by the river. (Which might happen!)

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Do you own your home? Do you have a really good interest rate? Are you bugged daily by calls/texts [View all] Hugh_Lebowski Jul 2023 OP

I haven't had a mortgage in 30 years and they're trying to buy marybourg Jul 2023 #1

Thanks for the input, the more data the better :) (nt) Hugh_Lebowski Jul 2023 #2

I get "offers" by text every other day or so. QED Jul 2023 #3

Me too clouds Jul 2023 #4

the last one-- I answered, "Over my dead body!" viva la Jul 2023 #5

I own my house completely, and I've never had one of those calls thank god. BlackSkimmer Jul 2023 #6

This is my experience as well. nt Nittersing Jul 2023 #40

We own and haven't had a mortgage in 20 years & Quakerfriend Jul 2023 #7

As I was finishing up the last payments GreenWave Jul 2023 #8

Lol, good one! (nt) Hugh_Lebowski Jul 2023 #10

Around here it is hedge fund investors buying up homes to rent them out at a very high rent. pwb Jul 2023 #9

Yeah, that was the other thing I wondered about ... Hugh_Lebowski Jul 2023 #12

And if a hedge fund buys property with cash they don't pay interest or points ... Auggie Jul 2023 #20

I got a bag of corn on the cob a few months ago Chautauquas Jul 2023 #11

Not currently MissB Jul 2023 #13

Thankfully, No ProfessorGAC Jul 2023 #14

I get a post card every now and then and pwb Jul 2023 #16

I See Those Signs ProfessorGAC Jul 2023 #17

I get these for the home I sold 3 years ago Shrek Jul 2023 #15

I got an offer to buy my property in Billings Montana. I don't oun property in Montana, never have. doc03 Jul 2023 #18

If the money lenders come after my house, they better bring a tank. Chainfire Jul 2023 #19

I get this multiple times a day... Juneboarder Jul 2023 #21

Oooh, 2.25% NIIIIICE!!! Hugh_Lebowski Jul 2023 #23

We own our home and the number of people trying to buy it has decreased Croney Jul 2023 #22

we're paid off and get postcards or other mail pretty yellowdogintexas Jul 2023 #24

I have a small place in the Mojave desert ripcord Jul 2023 #25

Side story... WarGamer Jul 2023 #26

We don't get any such calls, mail, or texts but phylny Jul 2023 #27

I get at least 1 call or letter every week mainer Jul 2023 #28

The only way a loan company can benefit or an individual is if the Mortgage is assumable... Demsrule86 Jul 2023 #29

Paid off years ago, constant calls to buy Maeve Jul 2023 #30

Yes, no, and no, but that's misleading DFW Jul 2023 #31

We have a 2% rate Sympthsical Jul 2023 #32

I have a mortgage with a low rate. Wish my principal had been higher these last few years gulliver Jul 2023 #33

No mortgage for years. No calls but get DM couple times a week. Prairie_Seagull Jul 2023 #34

Answer: no. brooklynite Jul 2023 #35

Had a dude call yesterday... Happy Hoosier Jul 2023 #36

Interesting theory. Yes I get calls around the clock ecstatic Jul 2023 #37

I'm not sure who those assholes are that keep calling my phone. GoodRaisin Jul 2023 #38

I thought there was a creative speculation forum for this type of stuff Snooper9 Jul 2023 #39

I used to get those calls/texts/letters but no longer jmowreader Jul 2023 #41

We're at 3% Johnny2X2X Jul 2023 #42

My husband and I have been inundated with these offers for over 5 years peggysue2 Jul 2023 #43