Woohoo...Just did a refi on my house..saving $300 a month

[stockjock]

And I even got a line of credit of $25k. I got my line of credit at a 4.75% and my 1st at 6.50%. We are happy campers now. Anyone else getting in on the great rates?

 

[CPA]

I just hope these rates stay this low until September, when I will most likely need to close on my new house. Since it's still being built I can't quit lock the rate.

BTW, did you go from a 30 to a 15 year note. If not, how many years had you been paying before you refi'd?

 

[MomAndSkoorbaby]

Snot bad, snot bad at all!

 

[Mister T]

I can get a 4.5% - 5/1 ARM from my work at the moment... up to $300,700

 

[kranky]

I don't really have enough time left on the mortgage to justify paying for a refi, and it's only 6.5% so I'm not getting killed.

But for most people, this is the chance of a lifetime!

 

[Fausto]

We refi'd at 6.7% a year or so ago. Knocked about $200 off each month's mortgage payment.

 

[stockjock]

I went from a 30 year 8.25% fixed to a 30 year 6.50% fixed. I've been in the house for a little or 2 years. Hope that answers all your ? CPA

 

[RossMAN]

Originally posted by: kranky
But for most people, this is the chance of a lifetime!

Unless you're like me, can't afford a house because you have too many toys in your house.

 

[stockjock]

Rossman....Stay out of the Hot Deals forum and save your money!!LOL Your already getting a start with that 0% interest on that CC you got...

 

[kt]

Nice.. my sister just refinanced her house at 6.50% also. I am in the process of refinancing mine also. My current one is at 6.75%, I am hoping to get something below 6.50% with 0 point.

 

[RossMAN]

Originally posted by: stockjock
Rossman....just take a cash advance off that CC you got and use it for your down payment....just ribbin ya!!LOL

If I had no other cc or car debt
If the cc limit was $10,000 - $15,000
If the cc APR were 0% for at least 5 years

Then I might consider doing that, until then I'll continue renting instead of owning

 

[stockjock]

kt...I got 6.50% 0 points and no money down at closing.

 

[bacillus]

Originally posted by: RossMAN
Unless you're like me, can't afford a house because you have too many toys in your house

[/quote]
if only thet did houses in hot deals then I'm sure RossMAN would have at least 1 to his name!

 

[Pliablemoose]

5.875 late last winter, cut my term in 1/2 & payments went up ~$100/month

 

[stockjock]

I was thinking about the 15 year...but I needed the lower payments for now... If you haven't noticed the markets have not been kind to Stockjock!!!