The Finance, Travel and
Everyday Life Newsletter
from Randy Lewis
Maybe you missed one of my “finance, travel and everyday life” musings. No problem. Here’s a history of what I have shared recently. Just click the links.
My $231,000 idea could be yours too!
Refinancing and hoarding…a good combination?
How to get the best deal on satellite radio
This Is What People Have Been Doing To Fight COVID-19 During The Past Two Months
Covid-19 How are you handling things?
I needed a haircut…but I bought an iPad
What Peter says about Sally tells you more about Peter than Sally
2 comments
I too am 71, and have a mortgage and have felt about it for years as the single greatest inflation protection opportunity available to me. Each year I pay back with cheaper dollars. And the money I haven’t paid for the house is in the IRAs. I’ve been wondering about refinancing. Did that on our prior house about ever 7 years…clearly not as aggressive as you are but thinking along the same lines. I need to go back through you figures because I don’t quite understand the part about rolling the “deposit”? into the loan and paying it off in 2 years and getting money from the bank. I missed something on my first read thru obviously.
The “senior discount” from the bank is very informative, now I understand the bank logic behind being able to buy this house 8 years ago even though we have no income just like you have no income.
Hi Peg, I’m glad my refinancing info struck a chord with you. In some ways this is simple but in other ways not. I’ll send you a PM to try to help wherever I can. Take care, Randy