Chase Mortgage raising bill payments each month?

[Flipx99 5,000+ posts]

Give me the equation that can show me the amount of money I'd profit off the CD deducting the worth of my time consumed with the added tasks inherited in adding to the process of paying more bills each month, vs the amount of nominal interest I'm getting today.

wtf?

You don't pay either bill monthly, you pay them yearly.

troll

 

[Upzaw2000]

the op fails....

he needs to come back with more info.

 

[Banana Balls 5,000+ posts]

wtf?
You don't pay either bill monthly, you pay them yearly.

troll

Not trolling. They take the deductions out of the monthly mortgage payment so I just assumed...

 

[Upzaw2000]

Not trolling. They take the deductions out of the monthly mortgage payment so I just assumed...

assumptions kills the cat...... lol //content.invisioncic.com/y282845/emoticons/crazy.gif.c13912c32de98515d3142759a824dae7.gif

 

[Banana Balls 5,000+ posts]

assumptions kills the cat...... lol //content.invisioncic.com/y282845/emoticons/crazy.gif.c13912c32de98515d3142759a824dae7.gif

No, masturbating does.

 

[Upzaw2000]

him, that sounds like fun

 

[mokedaddy 5,000+ posts]

The interest they pay is minimal. You can get better rates with 1 yr CDs.

You can also do better with other short term investments than you can by paying your extra money to your mortgage every month but you werent trying to hear that. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[mokedaddy 5,000+ posts]

wtf?
You don't pay either bill monthly, you pay them yearly.

troll

That depends entirely on the county or township. Some annual, some semi annual, some quarterly.

Of course you can always pay in advance but that goes back to wasting interest.

 

[Flipx99 5,000+ posts]

You can also do better with other short term investments than you can by paying your extra money to your mortgage every month but you werent trying to hear that. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

On a risk-adjusted basis in today's economy...not so sure. In some periods of time, I absolutely agree.

 

[Flipx99 5,000+ posts]

That depends entirely on the county or township. Some annual, some semi annual, some quarterly.
Of course you can always pay in advance but that goes back to wasting interest.

True, I was unaware the variety of tax collection methods. I thought they were all annual. My plan only makes sense in that specific scenario.

 

[mokedaddy 5,000+ posts]

There is still plenty of money to be made out there. I know you are savvy enough.

History shows more wealth is actually accumulated during times of economical hardship than during better periods.

 

[WhoSayWho? 5,000+ posts]

Give me the equation that can show me the amount of money I'd profit off the CD deducting the worth of my time consumed with the added tasks inherited in adding to the process of paying more bills each month, vs the amount of nominal interest I'm getting today.

I have never seen an escrow account that paid the interest to the consumer. I am not saying they don't exist, only that this is certainly not typical.

 

[Flipx99 5,000+ posts]

I have never seen an escrow account that paid the interest to the consumer. I am not saying they don't exist, only that this is certainly not typical.

They are fairly popular, believe it or not. Even for those who don't live and breathe finance....but I don't think they pay very much interest.

 

[Banana Balls 5,000+ posts]

I have never seen an escrow account that paid the interest to the consumer. I am not saying they don't exist, only that this is certainly not typical.

MIne pays it back to me as an adjustment at the end of each year, or so I'm told.

They are fairly popular, believe it or not. Even for those who don't live and breathe finance....but I don't think they pay very much interest.

I will find out what mine is and report back.

 

[loopkiller 10+ year member]

Yep same here. Mine is done in March of every year. They try to make my escrow account break even, but I guess that is hard for some reason. I usually have a surplus. My first year of owning my home, they sent me a check for $1300. I had no idea what it was for since this was my first home. Then I found out that it was due to over-estimating my tax (new homes are only taxed the lot value in the 1st year). It was nice to have at that time because I was looking to buy some new furniture and instead of taking it out of savings, I simply used that check.