1. This Board Rocks has been moved to a new domain: CarolinaPanthersForum.com

    All member accounts remain the same.

    Most of the content is here, as well. Except that the Preps Forum has been split off to its own board at: http://www.prepsforum.com

    Welcome to the new Carolina Panthers Forum!

    Dismiss Notice

Mortgage Refinancing...

Discussion in 'Money & Finance Forum' started by VA49er, Dec 11, 2006.

  1. Dec 11, 2006 at 2:37 PM #1
    VA49er

    VA49er Full Access Member

    Posts:
    22,561
    Likes Received:
    4
    Joined:
    Jun 14, 2003
    Does the 'ol standby of waiting until you can knock off a point from your interest rate still hold water?
     
  2. Dec 11, 2006 at 2:52 PM #2
    meatpile

    meatpile 7-9

    Age:
    53
    Posts:
    35,132
    Likes Received:
    138
    Joined:
    Jan 7, 2003
    Location:
    All up in Boo's mama
    I always thought it was a point and a half.
     
  3. Dec 11, 2006 at 3:10 PM #3
    VA49er

    VA49er Full Access Member

    Posts:
    22,561
    Likes Received:
    4
    Joined:
    Jun 14, 2003
    Well, that isn't going to happen for a while. I can just about get it to one point lower but I'll have to pay a point and maybe go 20 years instead of 30. There's got to be a way to figure out how long it would take to recoup the closing costs and if I stay in my house longer then that it would be worth it.
     
  4. Dec 11, 2006 at 3:18 PM #4
    Freakshow

    Freakshow Fuck you guys.

    Age:
    53
    Posts:
    6,944
    Likes Received:
    0
    Joined:
    Feb 7, 2002
    Location:
    Charlotte
    There's no "stand by." Some will do it for 1/2%. What are the closing costs? What will you save per month? How long till you recoup your costs and start MAKING money? The key is...if you refinance, you have to stay in that house until you've saved enough to justify.

    FYI...I do mortgages. PM me and I'll give you a killer quote...

    :jump:
     
  5. Dec 11, 2006 at 3:50 PM #5
    Redsnapper

    Redsnapper Burp, gargle, spit.

    Age:
    49
    Posts:
    1,076
    Likes Received:
    0
    Joined:
    Jul 18, 2006
    Location:
    In your crawl space.
    No, PM me, I'll give you a better deal.
     

Share This Page