Time to refinance :-)

[sdrealtor]

thats called found money! dump it on the principal each month and reap the real rewards of what you just did.

[drboom]

[quote=IT.MOM]I don’t want to sound like I am advertising for the agent.
But there is no GFE fee or any other ancillary fees.
Sounds too good to be true. I really don’t know how did she ( the agent) do it.

Before refinance my rate is 5.0%[/quote]

Our fellow piggs will correct me if I’m wrong, but I don’t think there’s a problem with posting information like this–quite the contrary!

Seriously, if I could refi down to the rate you got and break even in less than a year I’d jump on it.

[drboom]

[quote=IT.MOM]I don’t want to sound like I am advertising for the agent.
But there is no GFE fee or any other ancillary fees.
Sounds too good to be true. I really don’t know how did she ( the agent) do it.

Before refinance my rate is 5.0%[/quote]

Our fellow piggs will correct me if I’m wrong, but I don’t think there’s a problem with posting information like this–quite the contrary!

Seriously, if I could refi down to the rate you got and break even in less than a year I’d jump on it.

[drboom]

[quote=IT.MOM]I don’t want to sound like I am advertising for the agent.
But there is no GFE fee or any other ancillary fees.
Sounds too good to be true. I really don’t know how did she ( the agent) do it.

Before refinance my rate is 5.0%[/quote]

Our fellow piggs will correct me if I’m wrong, but I don’t think there’s a problem with posting information like this–quite the contrary!

Seriously, if I could refi down to the rate you got and break even in less than a year I’d jump on it.

[drboom]

[quote=IT.MOM]I don’t want to sound like I am advertising for the agent.
But there is no GFE fee or any other ancillary fees.
Sounds too good to be true. I really don’t know how did she ( the agent) do it.

Before refinance my rate is 5.0%[/quote]

Our fellow piggs will correct me if I’m wrong, but I don’t think there’s a problem with posting information like this–quite the contrary!

Seriously, if I could refi down to the rate you got and break even in less than a year I’d jump on it.

[drboom]

[quote=IT.MOM]I don’t want to sound like I am advertising for the agent.
But there is no GFE fee or any other ancillary fees.
Sounds too good to be true. I really don’t know how did she ( the agent) do it.

Before refinance my rate is 5.0%[/quote]

Our fellow piggs will correct me if I’m wrong, but I don’t think there’s a problem with posting information like this–quite the contrary!

Seriously, if I could refi down to the rate you got and break even in less than a year I’d jump on it.

[UCGal]

[quote=sdrealtor]thats called found money! dump it on the principal each month and reap the real rewards of what you just did.[/quote]

ITA. Especially since you probably extended the final payout day… (Assuming your old mortgage had some payments/years into it.)

When we refinanced last year our payment dropped by $700 for principal and interest… but the pay off date was extended another 6 years… (we were 6 years into a 15 year loan.) We’re taking that $700 and putting it as extra principal payments… we’ll be paid off more than a year earlier than if we hadn’t refi’d.

(And if the horrible happens – where both hubster and I lose our jobs, our obligated payment is much lower, so we can make that till we find work.)

[UCGal]

[quote=sdrealtor]thats called found money! dump it on the principal each month and reap the real rewards of what you just did.[/quote]

ITA. Especially since you probably extended the final payout day… (Assuming your old mortgage had some payments/years into it.)

When we refinanced last year our payment dropped by $700 for principal and interest… but the pay off date was extended another 6 years… (we were 6 years into a 15 year loan.) We’re taking that $700 and putting it as extra principal payments… we’ll be paid off more than a year earlier than if we hadn’t refi’d.

(And if the horrible happens – where both hubster and I lose our jobs, our obligated payment is much lower, so we can make that till we find work.)

[UCGal]

[quote=sdrealtor]thats called found money! dump it on the principal each month and reap the real rewards of what you just did.[/quote]

ITA. Especially since you probably extended the final payout day… (Assuming your old mortgage had some payments/years into it.)

When we refinanced last year our payment dropped by $700 for principal and interest… but the pay off date was extended another 6 years… (we were 6 years into a 15 year loan.) We’re taking that $700 and putting it as extra principal payments… we’ll be paid off more than a year earlier than if we hadn’t refi’d.

(And if the horrible happens – where both hubster and I lose our jobs, our obligated payment is much lower, so we can make that till we find work.)

[UCGal]

[quote=sdrealtor]thats called found money! dump it on the principal each month and reap the real rewards of what you just did.[/quote]

ITA. Especially since you probably extended the final payout day… (Assuming your old mortgage had some payments/years into it.)

When we refinanced last year our payment dropped by $700 for principal and interest… but the pay off date was extended another 6 years… (we were 6 years into a 15 year loan.) We’re taking that $700 and putting it as extra principal payments… we’ll be paid off more than a year earlier than if we hadn’t refi’d.

(And if the horrible happens – where both hubster and I lose our jobs, our obligated payment is much lower, so we can make that till we find work.)

[UCGal]

[quote=sdrealtor]thats called found money! dump it on the principal each month and reap the real rewards of what you just did.[/quote]

ITA. Especially since you probably extended the final payout day… (Assuming your old mortgage had some payments/years into it.)

When we refinanced last year our payment dropped by $700 for principal and interest… but the pay off date was extended another 6 years… (we were 6 years into a 15 year loan.) We’re taking that $700 and putting it as extra principal payments… we’ll be paid off more than a year earlier than if we hadn’t refi’d.

(And if the horrible happens – where both hubster and I lose our jobs, our obligated payment is much lower, so we can make that till we find work.)

[Anonymous]

We’re refi’ing from a 15yr fixed at 4.875 (done in 2003 when rates were at _historic lows_!) to a 10yr fixed at 3.875 now that rates are at, you guessed it, _historic lows_! Since we’ve paid so much principal in the last 7 years, our payments are greatly reduced, and it only pushes out completion for about 2 years. (15 -7 = 8 years left, new loan is 10 years). And it’s about $500/month savings. Just do it!

[Anonymous]

We’re refi’ing from a 15yr fixed at 4.875 (done in 2003 when rates were at _historic lows_!) to a 10yr fixed at 3.875 now that rates are at, you guessed it, _historic lows_! Since we’ve paid so much principal in the last 7 years, our payments are greatly reduced, and it only pushes out completion for about 2 years. (15 -7 = 8 years left, new loan is 10 years). And it’s about $500/month savings. Just do it!

[Anonymous]

We’re refi’ing from a 15yr fixed at 4.875 (done in 2003 when rates were at _historic lows_!) to a 10yr fixed at 3.875 now that rates are at, you guessed it, _historic lows_! Since we’ve paid so much principal in the last 7 years, our payments are greatly reduced, and it only pushes out completion for about 2 years. (15 -7 = 8 years left, new loan is 10 years). And it’s about $500/month savings. Just do it!

[Anonymous]

We’re refi’ing from a 15yr fixed at 4.875 (done in 2003 when rates were at _historic lows_!) to a 10yr fixed at 3.875 now that rates are at, you guessed it, _historic lows_! Since we’ve paid so much principal in the last 7 years, our payments are greatly reduced, and it only pushes out completion for about 2 years. (15 -7 = 8 years left, new loan is 10 years). And it’s about $500/month savings. Just do it!

[Author]

Posts