If you haven’t lately, you should be checking with your favorite lender or broker to see how much you can save by refinancing.
Rates are at record lows once again and I doubt they will go much lower, but of course that is for you to determine. Don’t miss this chance if you plan on keeping your home for awhile…
I did a while back at 3.8. I am watching to see if it hits 3.25 on a 30 year or it wont be worth it. If it doesnt I didnt lose much at all. I think 3.5 is the lowest I can get right now on a no cost refi 65%ltv loan.
Rates are very low historically.
But I don’t think rates will go up much until unemployment is where they (the fed) wants it (below 6% nationally).
I don’t’ see that happening until there are very few underwater home owners left.
Chicken/egg thing again.
Just a recommendation….IF you are thinking about doing a Refi, call Charlie Mason. He is super nice, down to earth and works very hard. He got me a 3.625 and I am not really Piggington material if you know what I mean. 🙂
Charles D. Mason
First California Funding
4550 Kearny Villa Rd. Suite 215
San Diego, CA. 92123
Telephone – 858 654 4066
Facsimile – 858 654 4062
Ca. Dept of Real Estate Lic # 01275449NMLS # 330764
[quote=JC]Just a recommendation….IF you are thinking about doing a Refi, call Charlie Mason. He is super nice, down to earth and works very hard. He got me a 3.625 and I am not really Piggington material if you know what I mean. 🙂
Charles D. Mason
First California Funding
4550 Kearny Villa Rd. Suite 215
San Diego, CA. 92123
Telephone – 858 654 4066
Facsimile – 858 654 4062
Ca. Dept of Real Estate Lic # 01275449NMLS # 330764[/quote]
3.625 doesn’t mean anything without other info. 30 year? 15 year? Conforming? Jr conforming? Jumbo? Point? No point? Closing cost? No closing cost?
sorry. if i was a true PIGG, wouldn’t I have already paid of my entire mortgage? i am just a wannabe so the 3.625 was a 30year fixed no cost. Charlie is da bomb. Sheldon is great too.
[quote=Hobie]Slight t-jack. I’ve been toying getting a HELOC to lock in the rate at about 3.9% For liquid cash to make cash offer at a later time. Now or wait?[/quote]
charlie saved me a total of $289 on the monthly payment. (i may have refinanced more than once since i did not suspect that rates would get that low. i think i mentioned — not a true Pigg — just a wannabe). the amount he saved me in interest was pretty sizeable. i bought an old house needing a fair amount of fix-ups so this is huge to me.
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