At your age just set up an investment account of your choice, Roth is a good bet if you won’t need the money and set up an automatic deposit, and allocate it once a year.

You’re good man. These guys talking individual stocks are like betting the line on the NBA. Don’t do it with real money.
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Barchart says ZOM by a mile both short and long term, SNDL short term, NGA no way
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He has the gut instinct of a GOD. He doesn't need reasoning.
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some guy on CP recommended it
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So what you are saying is, even if you make extra principle payments over the years, it doesn't move up the end date of your loan, it just adjusts the remaining balance of principle/interest over the existing 30 years of payments.

Loans are all designed to screw the borrower. The same way that its all heavy interest to Principle ratio that declines slowly. even if you pay it off entirely in one chunk sum at the midpoint, the bank gets like 70 percent of the principle total established at the onset.
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YES,YES! I guess if you have a 30 year fixed you will benefit but if you have the ARM and quit making additional principal after it adjusts you've just wasted time and money.

I always thought with an ARM the only thing that adjusts is the interest rate. Not so.
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The couple of Times we've done an ARM we've always planned to (and did) either sell the home or re-fi to a fixed before the ARM takes place. But the re-fi only makes sense after a couple of years (to cover the new closing costs/fees) and even then its not as smart as your broker says it is. You still waste money there.

This year there were no lenders giving fixed 30 year loans above $770K (or jumbo loans) which is the loan you need to get in California (places like LA and SF and surrounding areas) since most 3 bedroom homes are 1.1 - 1.5 million.
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But their CEO's name is Dong
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PLUG down to $50. Hold, sell, or buy more?
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EBON down 2% after hours

bullet dodged!
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I think the solution ,which my banker said he could do , was to do a loan modification at the 5 years. So for example I could take the remaining 25 years and have them change it to 10 so I have the 15 yr loan in essence. Yes the required payment will be higher but I hate paying all the interest on a long term loan anyway. So looks like you got out of their scandle.
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Yeah it must be over, bankruptcy incoming.
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I wouldn't sell anything today unless you want money to put in a better choice.
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I assume this would essentially be a refinance, and have associated fees?
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My bank will do a loan modification with minimal fees . No appraisal needed. Basically just a little paperwork. They're so wonderful.
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