Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. masterswimmer

    masterswimmer Well-Known Member

    Mine is a conforming fixed rate @ 2.875% taken out in 2011 (was a refi at the time). Nothing special about it, other than the killer interest rate I landed.
     
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  3. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Actually, what is happening to my loan is not recasting. My total monthly payment (P&I) remains constant and the term used to recalculate interest every month remains constant, but the remaining principal used to calculate next month's interest is reduced by any prepaid principal I pay every month. So I both a)pay less total interest and b)payoff the loan early as a result.

    Recasting reduces monthly payments...so that's not technically what is happening.
     
    Last edited: Mar 14, 2019
    masterswimmer likes this.
  4. masterswimmer

    masterswimmer Well-Known Member

    Ditto
     
  5. Kentucky

    Kentucky Supporter! Supporter

    My first home loan was 10.5%
     
  6. masterswimmer

    masterswimmer Well-Known Member

    I get it. My first mortgage was a 9.5% 1 yr ARM.
     
    Kentucky likes this.
  7. Clawcoins

    Clawcoins Well-Known Member

    You guys have some great mortgages.

    Either way, with the recast it reduces the payment based on the term but we here seem to always pay up and above the minimum, which is the reasoning to pay off the note as quickly as possible. My 30 yr mortgage I've projected to be only 12. Fun, and saves a ton of money.
     
    Garlicus likes this.
  8. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    2000 lbs worth or long ton u talking.
     
  9. blademan37

    blademan37 New Member

    How this thread get so off point???
     
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  10. myownprivy

    myownprivy Well-Known Member

    This thread is useless. 3 years ago silver was $14.90. Today it is $15.36. A little less than 3% difference. But we have 5,800 posts about it.

    A 3% difference in 3 years! But the regular posters on this thread follow spot price like a retiree follows the stock market as if it's going to actually impact their life what happens in one day's trading.
     
    Last edited: Mar 15, 2019
  11. Kentucky

    Kentucky Supporter! Supporter

     
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  12. Santinidollar

    Santinidollar Supporter! Supporter

    I would suggest a new thread, something like Silver & Gold Prices, be created and relegate this disorganized mess to the garbage.
     
    myownprivy likes this.
  13. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Heresy! This is the Bullion Forum equivalent to "General Discussion" (if it wasn't for the non-stop silver and gold price charts).
     
    Kentucky likes this.
  14. Santinidollar

    Santinidollar Supporter! Supporter

    Yeah. With a title referring to what silver did on one day 2 1/2 years ago.
     
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  15. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    Oh just one...………………….. or fifty time I wish silver would break out..... Its would make most people in this forum here wrong with their prediction. Then you would hear a totally different vibe.. but I switched to accumulating the gold nuggets....
     
    Kentucky likes this.
  16. CoinBlazer

    CoinBlazer Professional Teenager

    Lol, I know that we are considering remaking a thread regarding the topic but I'll throw in my 2 cents.
    Silver and gold have been more steady than usual.
    Anyone have a comment on that?
     
  17. CoinBlazer

    CoinBlazer Professional Teenager

    I got nothing better to do than stare at a chart and gab about it on this thread.
     
  18. myownprivy

    myownprivy Well-Known Member

    Oh my. Silver is $15.10 today. That's almost the middle of the price 3 years ago ($14.90) and the price I quoted the last time I criticized this thread on March 15 ($15.36)!!! This thread is still pointless because the price of silver has remained basically unchanged over that time frame.

    Stop the presses!
     
  19. CoinCorgi

    CoinCorgi Derp, derp, derp!

    If we close this thread, you wouldn't have anything to bitch about, now would you?
     
  20. CoinBlazer

    CoinBlazer Professional Teenager

    Big deal, if I want to analyze the price and tell people about it on this thread, then I will. I don't know why you are so against it.
     
    longnine009 and harrync like this.
  21. twoshadows

    twoshadows Member

    If your buying silver this is good news! If your in the mood to sell all you have to do is sit and wait a while longer. I will say, to those of you who may not understand, many dealers are buying silver bullion ALL the time and the price marked on many items will NOT go down when silver goes down. Nobody sells for a loss just as we don't want to sell for a loss! If you by when its $16.50 your not going to sell it at $15.00. And of course its the same way with gold! You price it when you buy it and many smaller dealers don't have the option to lower that price and keep the profit margin to keep the doors open! Your LCS is not ripping you off, he is trying to earn a living too!
     
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