I took my last note out 1.99%. At that rate it is free money, I took the loan and put my money to work for me elsewhere. Currently my credit score fluxes around 825 and my bank graciously notified me I'm pre-approved for 7%. Yeah no thanks....
Sounds like you did pretty good!
Speaking of pre-approved and 7%, when we were house shopping, I made sure we were pre-approved, not just pre-qualified. Had no pre-payment penalty written into the contract, as well. Unfortunately, weren't able to do that, but only have a couple more years. It's $700+/mo. payment and taxes, which, especially nowadays, is still pretty reasonable.
That's a very manageable payment. I know a lot of people paying more than that for one bedroom apartments.
We lived in two different apartments in an old 1930's 4-suiter, with store down below, before we got the house.
When the dry goods store owner closed, sold, and moved, we took their apartement. Solid oak doors, sunporch with beveled glass doors, 3 bdrm, skylight in the bathroom, window well in the kitchen, butler's pantry. It was gorgeous!
When we left our rent was $390, can't believe the rent they want for absolute crap, these days!
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