JS

iTrader: (4)

I called to re-fi my house,No muscle car for me...I know in my heart I made the right choice,saved over 2 points and 5 yrs of interest

I'm 43 and by 50 I will OWN my house
Woo hoo!!!

LS1LT1

iTrader: (16)

Good move JS, being mortgage/debt free is truly an awesome feeling.
I was always concerned about the extra closing/re-fi costs of doing that and how you would really have to save a lot of % to justify it, I take it that the savings was still truly worth it?
Rates were just lowered again this week so that had to help as well.

JS

iTrader: (4)

Eaxctly with the rates dropping again and the re-fi costs being less than 2K I had to do it.....I love my 06 GTO and I'll be looking for a nice $2,000 DD this spring to keep the miles down on the goat

PSU 98

iTrader: (4)

I have an appointment to do the same thing next week

00SS!

iTrader: (7)

Just finished refinancing mine too. Gonna have a few extra dollars to spend every month now. They were trying to get me to cash out the equity but I stood my ground dammit lol.

JL ws-6

iTrader: (50)

I was gonna do it (wife works at a law office, so all that part is free) but I have another year to go before I can get otu of my current mortgage... I probably could get about a point and a half lower right now then I'm at, which doesn't seem like much but it would probably knock the payment down 100 bucks a month, or take 5 years off the time, the later of which I wanted to do.

Next year, if the rates are still lower

The Alchemist

iTrader: (19)

I'm still waiting for the rates to get lower.... back in August 2003 we locked in with a 30 year fixed jumbo at 5 1/8 apr. I'd be surprised if they get that low again.

JL ws-6

iTrader: (50)

5 1/8 fixed for a jumbo is pretty good, for you todo any better then that you'd have to have enough paid off to get out of the jumbo loan I think.

bad2000z

iTrader: (4)

Congrats, I wish I had your self-discipline. lol

The Alchemist

iTrader: (19)

The jumbo at the time was anything over $350k, these days it's over $500k I think. That alone would put us in a normal, even if it wa still at 350 we'd be fine.

I've thought about doing a refi to a 20 year fixed, but we'll see.

JS

iTrader: (4)

I got just under 5% for 10yrs...
I'll be in GOOD shape by the time I'm 50

My 04 Goat

I have 4.8% of 30 years.. Got it 2 years ago..

LS1LT1

iTrader: (16)

Wow that was (still is) a GREAT rate for a 30 year fixed, you're right that even within these times of 'new lower rates' you won't find something like that.