anybody refi there house, recently? - Page 4

Captain Morgan · 08-05-2011, 04:14 PM

Quote:

Originally Posted by AquaPython

what did it cost you out of pocket to do that?

Quote:

Originally Posted by LeeNetworX

Really? Who did you re-fi with? What were the closing costs on that re-fi?

Went through Fifth Third on a VA loan. Closing cost was about $1500, which I rolled into the new loan. My intent is to pay the mortgage early, hopefully within 5 or 6 years. Considered the difference between just making larger payments on the 30 year loan, but I still save money with the refi even though paying off early.

101lifts2 · 08-06-2011, 01:15 AM

Quote:

Originally Posted by MILK

Home equity lines don't hurt your credit rate either.

Never hurt mine, my score is in the 800's and was even before it was paid off. Of course home equity lines are more debt, which is considered with re-fi's or new loans.

It depends on the amount of your line of credit. A home eq. loan is the same as CC debt (revolving credit), but cc debt is not bad IF you have a large open line of credit. They look at the amount of credit vs. debt in regards to revolving credit.

101lifts2 · 08-06-2011, 01:18 AM

Quote:

Originally Posted by Captain Morgan

I could buy my place 6 times for that!!

Yeah, but who would want to buy a place in IN....let alone 6 places!

OK I had to copy OSP.

dReWpY · 08-06-2011, 03:14 AM

Im looking at picking up my first place and I'm getting a damn good deal

RACER X · 08-06-2011, 01:24 PM

Talked w our current mortgage, citimortgage

$450 out of pocket
Drop from 30 yr to 20 same payment
15yr $200 more

No point buy down

But I keep hearing no fee's, I think the interest they are earning off our house should be enough,

It's thru their streamline deal, crazy thing is no real income check and they can fin. Up tp 200% more then the value of 'your' house....

dReWpY · 08-09-2011, 07:20 PM

I got 4.25% fixed on a 30yr
paying 110,000 for house appraised at 165,000$

tommymac · 08-09-2011, 07:27 PM

Quote:

Originally Posted by Drewpy

I got 4.25% fixed on a 30yr
paying 110,000 for house appraised at 165,000$

Sweet, did you pay any points on that? w egot 4.75 and thought that was amazing just 2 years ago.

dReWpY · 08-10-2011, 01:59 PM

tommymac · 08-10-2011, 02:02 PM

Quote:

Originally Posted by Drewpy

You bought a garage?

shmike · 08-10-2011, 02:02 PM

Quote:

Originally Posted by Drewpy

You paid $110k for that!?

Well done.

08-06-2011, 01:24 PM	#35
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	Talked w our current mortgage, citimortgage $450 out of pocket Drop from 30 yr to 20 same payment 15yr $200 more No point buy down But I keep hearing no fee's, I think the interest they are earning off our house should be enough, It's thru their streamline deal, crazy thing is no real income check and they can fin. Up tp 200% more then the value of 'your' house.... __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.