2739: How I Wasted Over $13,000 Refinancing My Mortgage by Andy Hill of Marriage Kids and Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 26 May 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2739: Andy Hill reflects on the costly mistakes he made with his mortgage, highlighting the pitfalls of refinancing without fully understanding the terms and the impact of market conditions. His candid recounting offers valuable lessons on mortgage management and financial decision-making, making it a must-listen for homeowners and financial enthusiasts. Read along with the original article(s) here: https://marriagekidsandmoney.com/how-i-wasted-over-13000-refinancing-my-mortgage Quotes to ponder: "Don’t buy something you don’t understand, especially a mortgage product." "I didn’t believe it would last. I thought it was too good to be true." "Listen to your wife. She’s smart." Episode references: LendingTree: https://www.lendingtree.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.2	This is optimal finance daily episode 2739. How I wasted over $13,000 refinancing my mortgage by Andy Hill of Marriage
0:37.4	of Marriage Kids and Money.com and I'm your host and personal finance
0:40.9	enthusiasts Diana Miriam.
0:43.0	Welcome back to optimal finance daily,
0:46.0	where every day I read an offer commentary on some of the best personal finance blogs on the web
0:51.0	in about 10 minutes or less.
0:53.0	So with that, let's get right to our next article as we optimize your life.
0:58.0	How I Wasted $13,000 refinancing my mortgage by Andy Hill of Marriage Kids and Money.
1:08.0	com. In 2004, my first mortgage was a 30-year 5 and 1 adjustable rate mortgage at 5.25%.
1:18.0	If that information confuses you, don't worry. I was completely confused too when I signed up for it at 22 years old.
1:26.1	I didn't care though. After saving up 20 grand, I was thrilled to put that money into my first
1:31.6	house down payment. I was proud to be a homeowner.
1:35.7	That's what we're supposed to do, right? Buy a home so we're not wasting our money on rent?
	...

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