Home › Forums › Financial Markets/Economics › I’ve locked in a refinance (again) @ 3.375%
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an.
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August 12, 2011 at 1:53 AM #719346August 12, 2011 at 8:27 AM #718194
ljinvestor
Participantflu- who did you use for refi
August 12, 2011 at 8:27 AM #718286Participantflu- who did you use for refi
August 12, 2011 at 8:27 AM #718880Participantflu- who did you use for refi
August 12, 2011 at 8:27 AM #719037Participantflu- who did you use for refi
August 12, 2011 at 8:27 AM #719396Participantflu- who did you use for refi
August 12, 2011 at 9:15 AM #718229moneymaker
ParticipantJust got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.
August 12, 2011 at 9:15 AM #718321ParticipantJust got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.
August 12, 2011 at 9:15 AM #718915ParticipantJust got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.
August 12, 2011 at 9:15 AM #719072ParticipantJust got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.
August 12, 2011 at 9:15 AM #719431ParticipantJust got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.
August 12, 2011 at 9:35 AM #718249bearishgurl
Participant[quote=threadkiller]Just got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.[/quote]
TK, hopefully you can get out of your MIP before 10 years is up. If your property eventually appraises for 125% or more of your original loan, you will be eligible to receive a refund of prepaid MIP and have your mtg pymt lowered.
August 12, 2011 at 9:35 AM #718341Participant[quote=threadkiller]Just got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.[/quote]
TK, hopefully you can get out of your MIP before 10 years is up. If your property eventually appraises for 125% or more of your original loan, you will be eligible to receive a refund of prepaid MIP and have your mtg pymt lowered.
August 12, 2011 at 9:35 AM #718935Participant[quote=threadkiller]Just got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.[/quote]
TK, hopefully you can get out of your MIP before 10 years is up. If your property eventually appraises for 125% or more of your original loan, you will be eligible to receive a refund of prepaid MIP and have your mtg pymt lowered.
August 12, 2011 at 9:35 AM #719092Participant[quote=threadkiller]Just got off the phone with Bank of America and they said because I have FHA loan @ 4.875% (30 year) I would probably never realistically be able to get a better deal in the future. He said can’t roll fees into loan and that MIP has doubled since I took out my loan. Oh well, I know in 10 years my loan will be really good when interest rates are over 10%.[/quote]
TK, hopefully you can get out of your MIP before 10 years is up. If your property eventually appraises for 125% or more of your original loan, you will be eligible to receive a refund of prepaid MIP and have your mtg pymt lowered.
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