Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
They call us “The Elderly”.
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Shadowrider" data-source="post: 4164712" data-attributes="member: 3099"><p>The loan on my first house was 17.0%. And, it was a VA loan!</p><p></p><p>I keep pointing that out to my daughter who gripes about how high her interest rate is and she got in when it was 4.0. I keep telling her that historically rates on mtgs run around 6.5% going way back to about 1900'ish.</p><p></p><p>I sat her down with an amortization statement and showed her how paying extra principal each month saves you big $$$$$$$ in the end, so you aren't really paying that high rate if you are disciplined about it.</p><p></p><p>They used to teach this stuff in school. That, and not having to face true hardship for several generations (ours included) is where a lot of our youth's "problems" come from these days. I'm of the opinion that some good old fashioned hardship would go a long way to righting the ship.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 4164712, member: 3099"] The loan on my first house was 17.0%. And, it was a VA loan! I keep pointing that out to my daughter who gripes about how high her interest rate is and she got in when it was 4.0. I keep telling her that historically rates on mtgs run around 6.5% going way back to about 1900'ish. I sat her down with an amortization statement and showed her how paying extra principal each month saves you big $$$$$$$ in the end, so you aren't really paying that high rate if you are disciplined about it. They used to teach this stuff in school. That, and not having to face true hardship for several generations (ours included) is where a lot of our youth's "problems" come from these days. I'm of the opinion that some good old fashioned hardship would go a long way to righting the ship. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
They call us “The Elderly”.
Search titles only
By:
Top
Bottom