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  • October 7, 2010 at 11:57 AM #18048
    moneymaker
    Participant

    Anybody refi lately from a 30 year to a 15 year? Are the banks loose with the cash yet or are they scrutinizing everything? Thinking about it!

    October 7, 2010 at 12:03 PM #614258
    Coronita
    Participant

    I did.

    They scrutize everything.

    October 7, 2010 at 12:03 PM #614344
    Coronita
    Participant

    I did.

    They scrutize everything.

    October 7, 2010 at 12:03 PM #614888
    Coronita
    Participant

    I did.

    They scrutize everything.

    October 7, 2010 at 12:03 PM #615004
    Coronita
    Participant

    I did.

    They scrutize everything.

    October 7, 2010 at 12:03 PM #615314
    Coronita
    Participant

    I did.

    They scrutize everything.

    October 7, 2010 at 12:59 PM #614298
    moneymaker
    Participant

    Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.

    October 7, 2010 at 12:59 PM #614384
    moneymaker
    Participant

    Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.

    October 7, 2010 at 12:59 PM #614927
    moneymaker
    Participant

    Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.

    October 7, 2010 at 12:59 PM #615043
    moneymaker
    Participant

    Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.

    October 7, 2010 at 12:59 PM #615354
    moneymaker
    Participant

    Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.

    October 7, 2010 at 1:28 PM #614328
    Coronita
    Participant

    [quote=threadkiller]Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.[/quote]

    http://piggington.com/well_folkslooks_like_interest_rates_for_loans_are_about_to_go_lo

    A broker friend got me the loan. The loan was resold to Wells Fargo a few days after I closed, and it’s also being serviced by Wells Fargo (at lest according to the paper work)….

    Originally, I was going to get the loan from aerospace credit union (which has rates even lower now)

    http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1

    Personally, I think you can do better than what B of A is offering in this environment. Maybe try talking to HLS…

    My original loan was 30 year @5.5ish…So I ended up getting a 15 year and also having lower payments by about $700/month….I took some friendly advice here, and bought a car LOL….can’t beat them, join them :))

    I keep entertaining the thought that if rates on the 30year fall below 4% (like <3.5%), I just might refi back into a 30year and rent the house out and upgrade to something else. I think I'd be able to float the home with about $100-200 positive a month, after all the costs...though my equity would be tied up...then again, it's not like we're seeing great interest rates anyway :(...
    I really wish I had a 3 car garage...I really want to have a permanent home/shop where I can work on and leave all my tools/crap, parts, engine, transmission around.

    The new Flu...Sporting and encouraging fiscal irresponsibility 🙁

    October 7, 2010 at 1:28 PM #614414
    Coronita
    Participant

    [quote=threadkiller]Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.[/quote]

    http://piggington.com/well_folkslooks_like_interest_rates_for_loans_are_about_to_go_lo

    A broker friend got me the loan. The loan was resold to Wells Fargo a few days after I closed, and it’s also being serviced by Wells Fargo (at lest according to the paper work)….

    Originally, I was going to get the loan from aerospace credit union (which has rates even lower now)

    http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1

    Personally, I think you can do better than what B of A is offering in this environment. Maybe try talking to HLS…

    My original loan was 30 year @5.5ish…So I ended up getting a 15 year and also having lower payments by about $700/month….I took some friendly advice here, and bought a car LOL….can’t beat them, join them :))

    I keep entertaining the thought that if rates on the 30year fall below 4% (like <3.5%), I just might refi back into a 30year and rent the house out and upgrade to something else. I think I'd be able to float the home with about $100-200 positive a month, after all the costs...though my equity would be tied up...then again, it's not like we're seeing great interest rates anyway :(...
    I really wish I had a 3 car garage...I really want to have a permanent home/shop where I can work on and leave all my tools/crap, parts, engine, transmission around.

    The new Flu...Sporting and encouraging fiscal irresponsibility 🙁

    October 7, 2010 at 1:28 PM #614957
    Coronita
    Participant

    [quote=threadkiller]Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.[/quote]

    http://piggington.com/well_folkslooks_like_interest_rates_for_loans_are_about_to_go_lo

    A broker friend got me the loan. The loan was resold to Wells Fargo a few days after I closed, and it’s also being serviced by Wells Fargo (at lest according to the paper work)….

    Originally, I was going to get the loan from aerospace credit union (which has rates even lower now)

    http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1

    Personally, I think you can do better than what B of A is offering in this environment. Maybe try talking to HLS…

    My original loan was 30 year @5.5ish…So I ended up getting a 15 year and also having lower payments by about $700/month….I took some friendly advice here, and bought a car LOL….can’t beat them, join them :))

    I keep entertaining the thought that if rates on the 30year fall below 4% (like <3.5%), I just might refi back into a 30year and rent the house out and upgrade to something else. I think I'd be able to float the home with about $100-200 positive a month, after all the costs...though my equity would be tied up...then again, it's not like we're seeing great interest rates anyway :(...
    I really wish I had a 3 car garage...I really want to have a permanent home/shop where I can work on and leave all my tools/crap, parts, engine, transmission around.

    The new Flu...Sporting and encouraging fiscal irresponsibility 🙁

    October 7, 2010 at 1:28 PM #615071
    Coronita
    Participant

    [quote=threadkiller]Who did you go with flu? B of A is saying 3.5% with 1/2 point and $3600 in fees. Sounds about the same that we paid on the original 30 year @ 4.875%, not sure how the 3600 dollars breaks down, getting all the paperwork together now.[/quote]

    http://piggington.com/well_folkslooks_like_interest_rates_for_loans_are_about_to_go_lo

    A broker friend got me the loan. The loan was resold to Wells Fargo a few days after I closed, and it’s also being serviced by Wells Fargo (at lest according to the paper work)….

    Originally, I was going to get the loan from aerospace credit union (which has rates even lower now)

    http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1

    Personally, I think you can do better than what B of A is offering in this environment. Maybe try talking to HLS…

    My original loan was 30 year @5.5ish…So I ended up getting a 15 year and also having lower payments by about $700/month….I took some friendly advice here, and bought a car LOL….can’t beat them, join them :))

    I keep entertaining the thought that if rates on the 30year fall below 4% (like <3.5%), I just might refi back into a 30year and rent the house out and upgrade to something else. I think I'd be able to float the home with about $100-200 positive a month, after all the costs...though my equity would be tied up...then again, it's not like we're seeing great interest rates anyway :(...
    I really wish I had a 3 car garage...I really want to have a permanent home/shop where I can work on and leave all my tools/crap, parts, engine, transmission around.

    The new Flu...Sporting and encouraging fiscal irresponsibility 🙁

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