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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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 Posted: 09/23/04 - 11:32 Post subject: Should I Get A Reduction?
I think its too big, my wife thinks its too big. I think the time has come to get a smaller one. At 7.5 its just too darn big. .
So should I refinance my mortgage?
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coachmarkos
my boys could swim
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Joined: 14 May 2002
Posts: 11387
Location: 1st in AFC West
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Posted: 09/23/04 - 11:33 Post subject:
clever, clever, aren't we captain.
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cherylpf
crazy cat lady
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Joined: 14 May 2002
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Posted: 09/23/04 - 11:36 Post subject:
Depends on what rate you can secure and what your refinancing costs will be. They say you need to be able to drop about 2% in order to make it worth your while.
soooo witty. so so so witty.  
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shelflifers
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Joined: 10 Jun 2002
Posts: 18633
Location: Austin, TX
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Posted: 09/23/04 - 11:38 Post subject:
PH has some emails about this matter that he could forward on to you, cappy...
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Laurie Ellen
Queenie
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Joined: 14 May 2002
Posts: 11286
Location: The Dark Side of the Moon
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Posted: 09/23/04 - 11:39 Post subject:
That's WAAAY too big!
This year smaller is in. Why waste all that extra? It's not like you can ever USE it.
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DCRunningDiva
Look at me!!! ©
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Joined: 10 Oct 2003
Posts: 9344
Location: Washington DC Metro
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Posted: 09/23/04 - 12:00 Post subject:
Are you serious about a 7.5% loan??? Good grief! I'm getting 5.25% and I think THAT is high!
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AlaninTX
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Location: Austin, Texas
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Posted: 09/23/04 - 12:03 Post subject:
| DCRunningDiva wrote: | | Are you serious about a 7.5% loan??? Good grief! I'm getting 5.25% and I think THAT is high! |
Mine is only 4.75....% 
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Cappy
Excelent
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Joined: 16 May 2002
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Location: Spreadsheetylvania
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Posted: 09/23/04 - 12:07 Post subject:
| DCRunningDiva wrote: | | Are you serious about a 7.5% loan??? Good grief! I'm getting 5.25% and I think THAT is high! |
The 7.5 was used as a teaser rate, to keep you guys interested. My rate is much lower
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gretriever
Hipster Doofus
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Joined: 16 Jul 2003
Posts: 19385
Location: A moving target in a firing range.
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Posted: 09/23/04 - 12:09 Post subject:
| Laurie Ellen wrote: | That's WAAAY too big!
This year smaller is in. Why waste all that extra? It's not like you can ever USE it. |
You are talking mortgages, LE, aren't you?
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DCRunningDiva
Look at me!!! ©
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Joined: 10 Oct 2003
Posts: 9344
Location: Washington DC Metro
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Posted: 09/23/04 - 12:10 Post subject:
| AlaninTX wrote: |
Mine is only 4.75....% |
So Cappy is almost double your size???!!! 
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 09/23/04 - 12:11 Post subject:
| DCRunningDiva wrote: |
So Cappy is almost double your size???!!! |
No, I am affectionately known as the smaller twin 
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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: 09/23/04 - 12:12 Post subject:
| DCRunningDiva wrote: |
So Cappy is almost double your size???!!! |
There is a reason why we all call him the Cap'n.
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brie k
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Joined: 15 May 2002
Posts: 5661
Location: where the wild things are
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Posted: 09/23/04 - 12:15 Post subject:
I've heard the 2% rule too.
Our mortgage is at 6%, doubt we could refinance to make it worth his while.
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AlaninTX
Member
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Joined: 14 May 2002
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Location: Austin, Texas
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Posted: 09/23/04 - 12:18 Post subject:
| Cappy wrote: |
No, I am affectionately known as the smaller twin |
So I just became an Oaster boy?
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Cappy
Excelent
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Joined: 16 May 2002
Posts: 27368
Location: Spreadsheetylvania
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Posted: 09/23/04 - 12:19 Post subject:
| AlaninTX wrote: |
So I just became an Oaster boy? |
Yes you did, but I am still the better looking one 
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