Page 1 of 1
Rave: Refinancing my crib
Posted: January 31 09, 11:39 am
by stlouie_lipp
So, I bought my place in October and got a rate of 6.25%. Well, I already refinanced to 5.05%, lowered my monthly payment by $100, don't have to make a mortgage payment in February, and got $285 back at the closing.
Re: Rave: Refinancing my crib
Posted: January 31 09, 1:22 pm
by thrill
Nice.
Re: Rave: Refinancing my crib
Posted: January 31 09, 1:52 pm
by stlouie_lipp
thrill wrote:Nice.
Yeah, timing is everything I guess.
Re: Rave: Refinancing my crib
Posted: January 31 09, 2:12 pm
by sighyoung
That's great. I would like to refinance, but I have 5.375% from two or three years ago, and I don't think it would pay.
Re: Rave: Refinancing my crib
Posted: January 31 09, 3:11 pm
by Fat Strat
sighyoung wrote:That's great. I would like to refinance, but I have 5.375% from two or three years ago, and I don't think it would pay.
Same situation here. I've got a low 5's rate as well from five years ago.
Re: Rave: Refinancing my crib
Posted: January 31 09, 3:16 pm
by Hungary Jack
Well done Lippster. Mrs. Jack and I are locked in at 5.25% on a 30-year jumbo, so I doubt we'll find anything better.