Why are interest rates so low?

[ultrarunner]

The flip side is the executor could sell the note to a third party purchaser for cash, but the cash equivalent would be discounted to reflect the uncertainty of future interest rates and any risk inherent to the note. The estate beneficiaries would then take the interest rate hit in the form of a discount instead of you taking the hit in the form of an increased interest rate and refi costs.

To avoid this discount cost to them, they may use some sort of agency arrangement to collect your payment and then disburse it to the heirs in the correct proportions for the remaining term of the note.

I think it may be a bit of wishful thinking or nativity or both.

The loan can run its course or if they are willing to forego one months payment I will do the refi.

The lawyer reference was subtle intimidation with the added comment I have the equity... well I should by putting down 50% at purchase... plus my repairs...

 

[2manyrocks]

There's a discussion on another website asking members over there what would happen to their stuff after they passed. One guy posted that heirs are interested in cash and in real estate because real estate can be converted to cash.

 

[ultrarunner]

Bank and Brokerage, Fine Jewelry and of course Real Estate…

 

[MossRoad]

No one wants your grandma's dishes, either.

 

[tradosaurus]

Refinery capacity is the problem. While many have been upgraded, some have been closed or converted to only storage, and we haven't built a new refinery since the '70s.

And probably won't if electric vehicles become more of the norm.

 

[MossRoad]

Refinery capacity is the problem. While many have been upgraded, some have been closed or converted to only storage, and we haven't built a new refinery since the '70s.

Who's 'we'? The U.S. doesn't build refineries. Private industry does.

Also, while not large capacity, there have been about 13 refineries built since the end of the 70's.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[ultrarunner]

No one wants your grandma's dishes, either.

My uncle just called and said his garage has boxes of Grandma's things he cleaned out when he sold her house years ago... he has never opened them and said should stay in family and several boxes are dishes and kitchen things...

 

[MossRoad]

My uncle just called and said his garage has boxes of Grandma's things he cleaned out when he sold her house years ago... he has never opened them and said should stay in family and several boxes are dishes and kitchen things...

Yep. That's how it goes. If you go to any antique/flea markets you'll see quite a few sets of really nice dishes for sale for cheap. Good place for someone that's just starting out to get some nicer dishes.

Funny story.

My wife's grandma on her mother's side had 4 sisters. One of them did not like me. She told my wife there's other fish in the sea. She passed away. I now have her good china. I wonder how she'd feel about that!

Sounds like I got some sweet revenge, until you realize that her China has been sitting in our hutch for 25+ years and we've never used it once. So maybe the joke's on me!

Or my kids, because they'll have to deal with it if we don't. GRRRR!!!!