$260K primary note is fixed, it's actually at 4.5% - 15 year schedule - not sure how old the note is but we probably have 10 years to go. We are paying $3400 a month P&I.
The HELC is about $1200 interest payment only.... we rarely put anything to principal and there are no requirements to do so - I think it's a 12 year schedule after some number of years of interest only. - Tue May 6 2008, 19:30
Very good point! Here are some details. Homes in the 'hood are selling for $600-$700. Our's is one of the largest, biggest lot, has pool. etc I went to that other site and got a Zestimate of $660 which seems fair. I have a stellar credit rating and make plenty, supurb documentation, etc... lenders dream. Thanks - Tue May 6 2008, 14:57
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.