[quote=sdrealtor]Perhaps the best stimulus of all. Dropping your rate over 1% will propbably put over $3,000 per year back into your pockets. Pockets of a financially responsible consumer w/ equity in their home that can be re-invested or unleased back on the economy. There are plenty others just like you. More like you than the underwater irresponsible crowd though uberbears find that hard to beleive. Congrats to you and keep on doing what your doing.[/quote]
Or other responsible types who refi into a lower rate – and keep making the original payment – to pay the house of even sooner.
Unfortunately, our balance is too low to get a free refi… (The credits/refunds/closing costs are all based on the loan value… the bigger the loan, the more money they can offer towards these things.)
but when I see SDCCU offering a fixed rate, 10 year, no points loan at 3.25%, my interest is piqued. That’s 1% less than my 4.25, 15 year. Too bad they charge so much in fees/costs.
