Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TygrBright

(20,758 posts)
8. Yes, you see it.
Sun Mar 12, 2017, 08:39 PM
Mar 2017

It's the ability to budget and manage expenses precisely. And I have no need to pay the escrow difference at the end of the year... if they know the new rate that will apply I'll happily pay it in advance, as well.

I have a monthly 'nut' of predictable expenses, and the more I can use that to plan against, the easier it is to budget the predictable-unpredictables. And with direct payments from the checking account, knowing the exact amount to plan for each month helps keep us from unintentionally breaking into the overdraft protection.

Yes, I don't really want to go with closing costs and a higher rate, but it would be worth something to us to know who's a candidate if/when we do refinance next. We will be downsizing in the next few years, so it would be nice to have a target firm to work with.

Not Chase, though.

Never again.

There presumably are people they haven't screwn but we are not of that number.

anticipatorially,
Bright

Latest Discussions»Culture Forums»Personal Finance and Investing»Looking for Mortgage Lend...»Reply #8