When would you re-fi your mortgage loan?

[Anonymous]

There is really no advantage not to refi. If you refi-ed at a lower rate, kept paying the same payment and did not take cash out, the new loan would be paid off earlier than the original would have been.

Now, I agree with Raybyrnes that when you realize the monthly savings by paying a lower monthly payment, you do extend your loan and increase the amount of interest due but you can control that variable.

Rene

[sdrealtor]

When the 15 year fixed is 1% lower than my 30 year fixed I’ll switch. I expect this to happen in the next 6 months and it will shave 10 years off my loan while only incresing my payment a few hundred bucks a month.

[sdrealtor]

When the 15 year fixed is 1% lower than my 30 year fixed I’ll switch. I expect this to happen in the next 6 months and it will shave 10 years off my loan while only incresing my payment a few hundred bucks a month.

[sdrealtor]

When the 15 year fixed is 1% lower than my 30 year fixed I’ll switch. I expect this to happen in the next 6 months and it will shave 10 years off my loan while only incresing my payment a few hundred bucks a month.

[sdrealtor]

When the 15 year fixed is 1% lower than my 30 year fixed I’ll switch. I expect this to happen in the next 6 months and it will shave 10 years off my loan while only incresing my payment a few hundred bucks a month.

[sdrealtor]

When the 15 year fixed is 1% lower than my 30 year fixed I’ll switch. I expect this to happen in the next 6 months and it will shave 10 years off my loan while only incresing my payment a few hundred bucks a month.

[Raybyrnes]

Not a bad strategy as I expect MMA and CD to continue to lower yields.

[Raybyrnes]

Not a bad strategy as I expect MMA and CD to continue to lower yields.

[Raybyrnes]

Not a bad strategy as I expect MMA and CD to continue to lower yields.

[Raybyrnes]

Not a bad strategy as I expect MMA and CD to continue to lower yields.

[Raybyrnes]

Not a bad strategy as I expect MMA and CD to continue to lower yields.

[sdrealtor]

If 15 year fixed rates go down to 4.5% (and I think they will) I wouldnt be surprised to see a huge refi market as the smart money that bought pre-bubble takes advantage of the opportunity to pay off their homes several years quicker.

[sdrealtor]

If 15 year fixed rates go down to 4.5% (and I think they will) I wouldnt be surprised to see a huge refi market as the smart money that bought pre-bubble takes advantage of the opportunity to pay off their homes several years quicker.

[sdrealtor]

If 15 year fixed rates go down to 4.5% (and I think they will) I wouldnt be surprised to see a huge refi market as the smart money that bought pre-bubble takes advantage of the opportunity to pay off their homes several years quicker.

[sdrealtor]

If 15 year fixed rates go down to 4.5% (and I think they will) I wouldnt be surprised to see a huge refi market as the smart money that bought pre-bubble takes advantage of the opportunity to pay off their homes several years quicker.

[Author]

Posts