Comments on: The Simple Dollar Morning Roundup: Memorial Day Edition http://www.thesimpledollar.com/2007/05/28/the-simple-dollar-morning-roundup-memorial-day-edition/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Eric http://www.thesimpledollar.com/2007/05/28/the-simple-dollar-morning-roundup-memorial-day-edition/#comment-29775 Eric Mon, 28 May 2007 17:53:08 +0000 http://www.thesimpledollar.com/2007/05/28/the-simple-dollar-morning-roundup-memorial-day-edition/#comment-29775 Not counting the extra principal payments I make… I guess I’m doing well at ~17% and that will go down to 11% once my wife returns to work. It does help a lot that I bought before the bubble a smaller house. When interest rates were very low I picked up a very nice 7/1 ARM with the intent of either moving or paying down the principal before the ARM kicked into effect and we are doing quite well in that respect.

I think a more interesting measure would be mortgage principal vs salary.. for that we would be 113% going down to 71% after my wife returns to work.

]]> By: UncleOxidant http://www.thesimpledollar.com/2007/05/28/the-simple-dollar-morning-roundup-memorial-day-edition/#comment-29753 UncleOxidant Mon, 28 May 2007 16:30:19 +0000 http://www.thesimpledollar.com/2007/05/28/the-simple-dollar-morning-roundup-memorial-day-edition/#comment-29753 Trent: I’m curious about PMI rates these days. Did you put less than 20% down on your new home and if so, do you know yet how much PMI you’ll be paying each month? I’ve heard that PMI rates are going up due to the current high loan default rates.

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