Richard Cheese Posted January 12, 2009 Posted January 12, 2009 wanna save some $$$$$$ refinance your house if your mortage rate is 5.5 or up we are looking to refi right now from 6.25 down to 4.625.....its gonna save us over 1200 a month :ah: what?? did you hear that??? that 38 ft stellar pulling in on the side of my house??? j/k we will save up to make a purchase that big..as money does talk now!!! Quote
britincali Posted January 12, 2009 Posted January 12, 2009 Mine's locked at 5.25, it aint worth me re-fIng just yet....... Quote
White Rhino Posted January 12, 2009 Posted January 12, 2009 are you talking conventional, or jumbo rates? Quote
dunefreak Posted January 12, 2009 Posted January 12, 2009 They aren't all that low. I was thinking about it, but the idea of tacking on a few more thousand in fees and eating up more equity doesn't sound good to me. Quote
bp-guy Posted January 12, 2009 Posted January 12, 2009 I am looking into redoing both of my houses too. Quote
RaptorMike Posted January 13, 2009 Posted January 13, 2009 I know mine is at 5.875%, so refi is out of ?. I would like to see it drop at least 2% then ill refi for 15 yrs or even 10 yrs if its fesible. Quote
EY3BA11 Posted January 13, 2009 Posted January 13, 2009 im at 6.25.. if it hits 4.25 i might but we just bought the place and dont really feel like forking over the extra fee's as of yet.. Im curious to see what happens after the 20th of this month. Quote
sanddunesaddict Posted January 13, 2009 Posted January 13, 2009 I'm f*cked I cant do a damn thing but I'm only at 6% and locked so I guess it could be worse. Quote
Free Agent Posted January 13, 2009 Posted January 13, 2009 We just re-fi'd at 4.3% fixed for 15 years. Our current mortgage was 7% fixed with 23 years left on it. Payment the same, but the house will be paid off almost 9 years sooner, and we'll save about $100 G's. I just want the house paid off for my much younger wife after I die. Quote
randyvw Posted January 13, 2009 Posted January 13, 2009 hmmmm. if you bought since about 2002 you probly don't have the 20 percent equity required to refi........... just sayin'. oh, and the fico score better be around 800 too. Quote
raspadoo Posted January 13, 2009 Posted January 13, 2009 just did mine 6% to 4.75 zero points 3k (1 point will get you 4.25) in costs though. Will break even in 20 months, after that saving $$$ Quote
~JILL~ Posted January 14, 2009 Posted January 14, 2009 Not worth it here either, I'm at 5. now on a 15 year, but I only have about 8 years left and I"M CLEAR!!!!!!!!!!!!! :angry2: Quote
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