ER_Hopeful
Recycles dryer sheets
[FONT="]current policy: AIG, 30 yr, term with return of premium, $250k, $34/month, started about 18 months ago. I didn't really know what I was doing when I bought it. Now I have a better idea about these things, I'm considering either:
1) $500k, 15 yr for $17/month, straight Term.
2) $500k, 20 yr for $23/month, straight Term.
3) $400k, 15 yr for $14/month, straight Term.
4) $400k, 20 yr for $20/month, straight Term.
All with ING.
what's your take on these? I'm leaning towards #1. I'm kind of cheap when it comes to these things. To me, it's simply for a peace of mind.
My kids are 8 and 6 (so 23 and 21 in 15 yrs). still owe $120k on the house but should be free and clear in 12 yrs if no major personal financial disaster.[/FONT]
1) $500k, 15 yr for $17/month, straight Term.
2) $500k, 20 yr for $23/month, straight Term.
3) $400k, 15 yr for $14/month, straight Term.
4) $400k, 20 yr for $20/month, straight Term.
All with ING.
what's your take on these? I'm leaning towards #1. I'm kind of cheap when it comes to these things. To me, it's simply for a peace of mind.
My kids are 8 and 6 (so 23 and 21 in 15 yrs). still owe $120k on the house but should be free and clear in 12 yrs if no major personal financial disaster.[/FONT]