PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on April 05, 2021, 04:56:53 PM

Title: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 04:56:53 PM
When mortgage rates are low, some folks have told me that I should refinance and when I tell others or if they found out how much liquid assets I have, some have told me to put it in a CD..

My answers have been no to both for years now because I'm comfortable where I'm at. Currently, I'm financially stable and don't feel there's a need to explore those avenues at this time.

So no, I'm good.  O0
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 04:59:00 PM
Same goes for some of the things I've sold privately in the past such as cars and motorcycles. Some have asked why I'm asking so low for it and my response was always because I'm comfortable with that amount.
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 05:01:19 PM
Even little things like going to the buffet. I just eat what's needed, never waste just because it's a buffet.
Title: Re: I've been told that I should re-fi and/or do CD
Post by: hmgROCK on April 05, 2021, 05:02:43 PM
Yea
Kinda like your fake photoshop $1.7 million
Really liquid indeed

 ;D ;D ;D

(https://i.imgur.com/PqGlID6.jpg)
Title: Re: I've been told that I should re-fi and/or do CD
Post by: hmgROCK on April 05, 2021, 05:05:34 PM
So you get a chance to refinance your mortgage from 5% to 1-2%
Whatever it is
And you not going too???


THIS IS WHY YOU ARE BROKE
AND EAT DEAD ROTTEN CARP
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 05:08:07 PM
Yea
Kinda like your fake photoshop $1.7 million
Really liquid indeed

 ;D ;D ;D

(https://i.imgur.com/PqGlID6.jpg)

"If PH is in the background, it must be legit" - hmgROCK

 ;D ;D ;D
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 05:11:45 PM
So you get a chance to refinance your mortgage from 5% to 1-2%
Whatever it is
And you not going too???


THIS IS WHY YOU ARE BROKE
AND EAT DEAD ROTTEN CARP

Speaking of "ROTTEN", I'll just let your closest bromance's words do the talking  ;D:

..you're a no good dirty rotten liar..

"OUCH".. ;D ;D ;D


And speaking of "BROKE", I'll just let your own words shoot yourself in the foot  ;D:

..MY LAZY BROKE ASS

I don’t have money


Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 05:17:24 PM
Or even when it comes to Facebook. I feel like I can communicate just fine with family members and friends without Facebook so I never feel the need to create a Facebook account...

So no need, all good at this time.. O0
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 05:22:07 PM
Same goes for hand tools. When I feel like Craftsman is good enough to do the job and I'm comfortable with it, I don't feel the need to get Snap-on or Mac for the same job...
Title: Re: I've been told that I should re-fi and/or do CD
Post by: hmgROCK on April 05, 2021, 05:45:57 PM
DOK_CHAMPKA

Is waiting for you to show up on her GOFUNDME

https://www.gofundme.com/f/mbseqv-3hmong-a-community-of-giving-campaign (https://www.gofundme.com/f/mbseqv-3hmong-a-community-of-giving-campaign)

better hurry up man
Going be late for the dance
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 05, 2021, 08:36:54 PM
Looks like your "reading comprehension" issues (per the neutral PH members) still persist..Well that's on you if it "went over" your "head" (also per the neutral PH members)...
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 06, 2021, 03:55:53 PM
They always tried to justify their point by saying it's just going to "cost you time and a fee" to re-fi...

But I'm like nope, I'm comfortable where I'm at now so I rather use that time and money paid for that service fee on other things.. O0

All good so don't feel the need to at this time...
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 06, 2021, 03:57:30 PM
Same with CD, it's "just going to cost you some time filling out paper at the bank"..but I'm like I'm good so no thanks...
Title: Re: I've been told that I should re-fi and/or do CD
Post by: VillainousHero on April 07, 2021, 02:56:06 PM
It's amazing how all those fees for just refinancing has become crazy high.  Sure it may drop like 1% off the original loan, but they make a killing off the fee.  Yeah, I'm not interest is giving some refinance free money for just some paperwork fees that's not really gonna benefit me. 

In some instances it may be beneficial to refinance.  In most situations, it's the wrong thing to do.
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 07, 2021, 03:34:09 PM
It's amazing how all those fees for just refinancing has become crazy high.  Sure it may drop like 1% off the original loan, but they make a killing off the fee.  Yeah, I'm not interest is giving some refinance free money for just some paperwork fees that's not really gonna benefit me. 

In some instances it may be beneficial to refinance.  In most situations, it's the wrong thing to do.

True in many cases...
Title: Re: I've been told that I should re-fi and/or do CD
Post by: theking on April 07, 2021, 03:35:38 PM
With me, I just don't need the extra money and such because I'm comfortable where I'm at. So if I don't need it, I'm not going to waste my time on it.