Thanks guys!

Posted by Kromey at 1:53pm Sep 25 '12
You must sign in to send Kromey a message
I just looked closer at my terms, and discovered that there's a $125/year fee on the smaller loan (seller paid that as part of closing costs for the first year, but I'm on the hook for it after that), but no such fee on the larger one (something to consider down the road, maybe refinance with the larger loan's bank for the full outstanding amount, get rid of those fees) -- so in addition to now being convinced that repaying either first is just as good in terms of interest paid (although [private]'s made the case that repaying the smaller first has positive benefits for my overall credit rating/report), I now realize that I'll be best served by getting out of this annual-fee mortgage on the smaller one.
There are 14 private posts in this thread. You need to sign in to read them.

Below are the public posts you may view:

You currently have read-only access to this board. You must request an account to join the conversation.

Why Join 4thKingdom?

Note that there are no ads here. Just intelligent and friendly conversation. We keep the spam out, the trolls out, the advertisers out… 4K is just a low-key, old-fashioned site with members from around the world.
This community began in 1998, and we continue to accept new members today.

Hot Discussion Topics: