Ponderable

espola said:
Why don't you try that at the bank? "My name is Iz, I'm a financial genius, so I am going to pick my own APR".

Ignore their laughter. You're doing great.
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Why would they laugh if I'm about to pay them a nice sum of money over thirty years? And when you pick the advertised rate that actually comes with an APR in case you didn't notice. So yes, if I meet underwriting standards, I do get to pick my APR since I'm the one doing the $hopping. I always know when I have you hooked. Each answer more revealing then the last.
 
Wez said:
Fair enough, what was he not backing up? I saw BIZ mention something about interest rates not mattering and then said to look at a mortgage amortization schedule, which didn't make any sense to me either, but not much BIZ says does make sense.
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Please post where I said interest rates don't matter.
 
Wez said:
Fair enough, what was he not backing up? I saw BIZ mention something about interest rates not mattering and then said to look at a mortgage amortization schedule, which didn't make any sense to me either, but not much BIZ says does make sense.
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a mortgage amortization schedule doesn't make any sense to a guy with 10 letters after his name? Talk about not making sense. What ten letters are after your name anyway?
 
The great achievements of Western capitalism have redounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive prerogative of the rich and powerful.--Rose Friedman
 
Bruddah IZ said:
I think if people knew that 60 cents of every dollar they paid toward the monthly mortgage was going to interest (bank) as opposed to principal, they might wish they were in the banking business themselves!!
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So they should wait until they actually save up $400k on their own? If you hate paying interest, get a shorter loan.

You have yet to make an actual point and if your point was you pay a lot of interest on a 30 year loan, then I was right in assuming you got nothin and were a waste of time. As usual, a whole lotta noise with no payoff.
 
Wez said:
They rhyme with "duck you BIZ".
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Brudda IZ at the shell,

"K get deez tree ducks eh.. dey gotta go Kot. Da Judge go, 'Ok, firs' duck.' 'Wha's your name, and why you here?' Da duck go, 'oh my name is Quack... and I got caught blowing bubbles in da pond. Da Judge go, 'Ok... I sentence you six months... "Next duck". Next duck goes up. Da judge go, 'Wha's your name, and why you here?' Da duck go, 'My name is Quack Quack... and I got caught blowing bubbles in da pond too.' Da Judge go, 'Ok, your sentence.. same as the first duck.. Next duck come up, da judge go, 'No tell me your name is quack quack quack.'? Da duck go, 'No...I'm bubbles.'

oooops... Haaaaaaawaiian. I get couple udda ones, but I no like da kids go school and get sent home with note la-dat." "I heard that at the shell"

Sooooooopay!!

RIP IZ--Malama Pono

About 4:20 in but feel free to listen to the music too.
 
Wez said:
Says the guy who spent 2 pages of comments leading up to, "you pay a lot of interest on a 30 year loan". Thank you Einstein.
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Says the guy who posted an amortization calculator and still couldn't answer the real rate of interest on a monthly mortgage payment which is just over 60%. Good grief.
 
Bruddah IZ said:
Says the guy who posted an amortization calculator and still couldn't answer the real rate of interest on a monthly mortgage payment which is just over 60%. Good grief.
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To no one's surprise, you don't know the difference between rate of interest and total interest paid.
 
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