Refinancing

Skip · 09-23-2002, 07:12 PM

For those of you homeowners - we are at incredibly low interest rates on home loans (10/15/30 year fixed, and I guess adjustable although I havent looked). If you havent refinanced, DO IT. No, I'm not a mortgage company guy, I teach college, but this is an unprecedented time. Check it out. I'm about to remove 20% of the life of my loan and 15% of the monthly payment amount at the same time.

Good times.

gyb13 · 09-23-2002, 07:37 PM

the preceding message (subject: RATES AT HISTORIC LOWS) was sent to you by: skip@showmethemoney.com

qtlaw · 09-23-2002, 09:05 PM

I just refied for the second time in six months. I never would have done it if my broker did not give me a credit for all of the costs. Its amazing, I get a half point off without paying for anything. When I got my loan in 1997 for 7.25 for 30, I thought it was "gold Jerry, that's gold Jerry" (cue up Seinfeld.) Knowing my parents never got a loan below 7 the past 25 years, I thought anything near 7 was great. Now I'm sitting at 6.375 for 30 and I can't believe it.

Max Power · 09-23-2002, 10:54 PM

Did it about a year ago.
It's about the only perk of a really crappy market.

09-23-2002, 07:12 PM	#1
Skip NetShrine Vagabond Join Date: Dec 2001 Location: Louisville Posts: 7,866	Refinancing For those of you homeowners - we are at incredibly low interest rates on home loans (10/15/30 year fixed, and I guess adjustable although I havent looked). If you havent refinanced, DO IT. No, I'm not a mortgage company guy, I teach college, but this is an unprecedented time. Check it out. I'm about to remove 20% of the life of my loan and 15% of the monthly payment amount at the same time. Good times.

09-23-2002, 07:37 PM	#2
gyb13 NS Omnipresent Brasilian Join Date: Dec 2001 Location: Crazy George's playground Posts: 10,903	the preceding message (subject: RATES AT HISTORIC LOWS) was sent to you by: skip@showmethemoney.com __________________ Gustavo NDF Moderator Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. - Benjamin Franklin

09-23-2002, 10:54 PM	#4
Max Power NetShrine Creator & Curator Join Date: May 2002 Location: NetShrine WHQ Posts: 5,548	Did it about a year ago. It's about the only perk of a really crappy market. __________________ Steve, Forum Administrator "They come and they go, Hobbs. They come and they go." That's why there's NetShrine.com

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09-23-2002, 09:05 PM	#3
qtlaw Guest Join Date: Mar 2002 Location: El Cerrito, CA Posts: 668	I just refied for the second time in six months. I never would have done it if my broker did not give me a credit for all of the costs. Its amazing, I get a half point off without paying for anything. When I got my loan in 1997 for 7.25 for 30, I thought it was "gold Jerry, that's gold Jerry" (cue up Seinfeld.) Knowing my parents never got a loan below 7 the past 25 years, I thought anything near 7 was great. Now I'm sitting at 6.375 for 30 and I can't believe it.

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