Comments on: Principal Paydown Explained

by: Tony

Thu, 05 Apr 2007 18:16:23 +0000

Ins company is State Farm. I just got is reduced by $81 to $454. That’s because I switched auto ins to State Farm as well. Now I save on both auto and home ins.

by: N.W.

Fri, 30 Mar 2007 03:06:10 +0000

Thanks, Tony. I was a little more curious about your homeowners insurance, though. What company do you have your policy with?

Perhaps in time I’ll get a little more detailed about my location. Right now, however, I’m not ready for the reveal.

by: Tony

Wed, 28 Mar 2007 17:46:29 +0000

The $300k mort is a refi, 1st, taken out for home improvements, and perhaps use as a down paymt for another property. The house was appraised for $500k. My int. rate is 5.75% from a credit union. It’s not my house, it was transferred to my name to hold for my parents.

I wish you could tell me more about where you’re at other than just the mid-West. I’m in SoCal and in my mid 30’s.

by: N.W.

Tue, 27 Mar 2007 04:00:08 +0000

Wow, that’s a great rate on insurance for a $300K+ home. Would you care to share any details about your policy? (company, deductible, etc).

I didn’t get to “shop around” to the extent I wanted to when it came time to purchase a policy for our new rental property. We have ours with State Farm Insurance and the deductible is $1000 (I believe). For a $92K home our premium is $379/year or about $32/month.

by: Tony

Mon, 26 Mar 2007 16:26:03 +0000

Thanks for your personal reply. You sound like a very smart/well-educated man, with a very supporting wife.

I suppose in a way I know what it is, just not the term you used. I presently have a $300,000 mortage taken out Feb/06.

I would like to make a correction, homeowner’s ins is $535/yr., not the $1000+/yr. I previously stated.