I did the right thing for a change...
Thread Starter
Joined: Nov 2001
Posts: 7,303
Likes: 4
From: Delray Beach, Fl.
I did the right thing for a change... 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!!!
I'm 43 and by 50 I will OWN my house
Woo hoo!!!
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.
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.
Thread Starter
Joined: Nov 2001
Posts: 7,303
Likes: 4
From: Delray Beach, Fl.
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
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
Next year, if the rates are still lower
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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.
