Refi from 30 year to 15?

[Coronita]

[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 🙁

[joec]

Flu, what did you end up buying?

[joec]

Flu, what did you end up buying?

[joec]

Flu, what did you end up buying?

[joec]

Flu, what did you end up buying?

[joec]

Flu, what did you end up buying?

[equalizer]

[quote=flu][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 :([/quote]
Now you have gone and done it. Sellout!

Banks won't let brokers lock rate without reviewing all paystubs, taxes, etc. Was also told that bank are assuming falling home prices and are reducing last sold comps depeding on the months back.

Got quote from broker today that was from Wells Fargo as well with about $3500 closing costs: 15 yr 3.5% no point, 7/8 pt 3.25%; 20yr 3.75% 1/4pt.

[equalizer]

[quote=flu][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 :([/quote]
Now you have gone and done it. Sellout!

Banks won't let brokers lock rate without reviewing all paystubs, taxes, etc. Was also told that bank are assuming falling home prices and are reducing last sold comps depeding on the months back.

Got quote from broker today that was from Wells Fargo as well with about $3500 closing costs: 15 yr 3.5% no point, 7/8 pt 3.25%; 20yr 3.75% 1/4pt.

[equalizer]

[quote=flu][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 :([/quote]
Now you have gone and done it. Sellout!

Banks won't let brokers lock rate without reviewing all paystubs, taxes, etc. Was also told that bank are assuming falling home prices and are reducing last sold comps depeding on the months back.

Got quote from broker today that was from Wells Fargo as well with about $3500 closing costs: 15 yr 3.5% no point, 7/8 pt 3.25%; 20yr 3.75% 1/4pt.

[equalizer]

[quote=flu][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 :([/quote]
Now you have gone and done it. Sellout!

Banks won't let brokers lock rate without reviewing all paystubs, taxes, etc. Was also told that bank are assuming falling home prices and are reducing last sold comps depeding on the months back.

Got quote from broker today that was from Wells Fargo as well with about $3500 closing costs: 15 yr 3.5% no point, 7/8 pt 3.25%; 20yr 3.75% 1/4pt.

[equalizer]

[quote=flu][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 :([/quote]
Now you have gone and done it. Sellout!

Banks won't let brokers lock rate without reviewing all paystubs, taxes, etc. Was also told that bank are assuming falling home prices and are reducing last sold comps depeding on the months back.

Got quote from broker today that was from Wells Fargo as well with about $3500 closing costs: 15 yr 3.5% no point, 7/8 pt 3.25%; 20yr 3.75% 1/4pt.

[Coronita]

something from bavarian that environmentalists would probably object to…Sorry, but got to play soccer dad these days. I can get 22mpg combined…sortof….

[Coronita]

something from bavarian that environmentalists would probably object to…Sorry, but got to play soccer dad these days. I can get 22mpg combined…sortof….

[Coronita]

something from bavarian that environmentalists would probably object to…Sorry, but got to play soccer dad these days. I can get 22mpg combined…sortof….

[Coronita]

something from bavarian that environmentalists would probably object to…Sorry, but got to play soccer dad these days. I can get 22mpg combined…sortof….

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