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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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 Posted: 02/07/03 - 09:34 Post subject: Mortgage Refinancing
Anyone else done it lately. Jen and I are settling today. Going from a 7.75 APR to 6.125 APR. Gonna be saving a lot of money. 
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megawill
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Joined: 20 May 2002
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Posted: 02/07/03 - 09:39 Post subject:
yes, we closed our refi in December just before i was laid off...went from 7.625 to 5.875...
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megawill
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Earlyrunnr
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Joined: 15 Nov 2002
Posts: 337
Location: Green Bay
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Posted: 02/07/03 - 09:43 Post subject:
We did it twice last year.....Janurary and last fall.....the first time we got enough money to finish our basement off and lower our payment.
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runswithscissors
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Joined: 15 May 2002
Posts: 8797
Location: In a badger state of mind
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Posted: 02/07/03 - 09:50 Post subject:
Most of you know, but we are adding an addition on to our house. We dropped our rate from 7.000 to 6.000. With the added money for the addition and a few other items, we will still only be paying about $100 more per month than we were before.
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PackerBacker
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Joined: 31 May 2002
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Posted: 02/07/03 - 10:18 Post subject:
We recently refinanced our mortgage. I decided to refinanice throught our existing mortgage company because they would waive any fees. However, the refinancing process was made very slow and it eventually dawned on me that the mortgage company had all of the incentive in the world to delay the process and continue getting payments at the higher rates. Eventully completed the refinancing and we came out to the good, even with the slow process.
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purple hayes
Frightened Inmate #2
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Joined: 14 May 2002
Posts: 14462
Location: ON YOUR LEFT!
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Posted: 02/07/03 - 10:25 Post subject:
We refinanced late last year and I still didn't get a new bike out of the deal. 
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 02/07/03 - 10:34 Post subject: Re: Mortgage Refinancing
| Cappy wrote: | | Anyone else done it lately. Jen and I are settling today. Going from a 7.75 APR to 6.125 APR. Gonna be saving a lot of money. |
1.. same %s. Like Rando, we did a house addition last summer and the greatest part of this refinance is our house appraised so high, I rolled in everything and I mean everything (1st, 2nd, ccard, 2 autos, computer), so we've got one payment a month...sweetness.
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TriBob
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Location: Lost in Transition
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Posted: 02/07/03 - 10:40 Post subject:
Just started it, should settle in March. Looking to save about $1,000/month by paying off car loans 
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Erstwhile Lurker
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Posted: 02/07/03 - 10:44 Post subject:
Count me in. 
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 02/07/03 - 10:45 Post subject:
| Erstwhile Lurker wrote: | | Count me in. |
Did you do your own appraisal
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Molly600
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Posted: 02/07/03 - 11:25 Post subject:
We did it a few months ago and got I think 5.75 fixed for 15 years.
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Erstwhile Lurker
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Posted: 02/07/03 - 11:27 Post subject:
| Cappy wrote: | | Erstwhile Lurker wrote: | | Count me in. |
Did you do your own appraisal |
Nope. Still waiting for a call from them three weeks into this.
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rolling rock
The Pinball
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Joined: 15 May 2002
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Location: unknown zone
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Posted: 02/07/03 - 11:32 Post subject:
we're signing papers this weekend. going from 7.50 with a 20 year payout to 5.25 with a 15 year payout and the payment stays the same.
couldn't afford not to do it. no points whatsoevah!
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jrjo
Gone Fishin
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Joined: 15 May 2002
Posts: 16451
Location: Lake Wobegon, MN
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Posted: 02/07/03 - 11:35 Post subject:
| Molly600 wrote: | | We did it a few months ago.. I got fixed |
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 02/07/03 - 11:38 Post subject:
| jrjo wrote: | | Molly600 wrote: | | We did it a few months ago.. I got fixed |
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good use of the edit feature
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