rh71
No Lifer
- Aug 28, 2001
- 52,856
- 1,048
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It's the best feeling in the world to no longer have a mortgage payment.
I'm going to say "this" in 29 years.
It's the best feeling in the world to no longer have a mortgage payment.
True, but sometimes the bank "charges" the title, tax, lawyer etc. fees by giving you a slightly higher rate. Given how low rates are to begin with, this can be a good deal for some people, and can make for a truly cashless refinance. Read ALL the fine print, though.Something is not right. THere is ALWAYS a lawyer and there is always fees (Title, Tax escrow, etc)
Good luck.i honestly plan on starting a business and saving up to buy a house with CASH.
I think we found our house... it's only 5 blocks from her Mom, but the way I look at it is it'll be free babysitting when we have kids
$235k house, so approx $224k mortgage/loan
@ 3.25% FHA, 5% down it would be 11200
Taxes are 5300/annually
$1720/mo with PMI, mortgage insurance, taxes, and mortgage.. definitely doable!
Where is everyone getting their mortgage through?
My credit union rates are terrible. 4.25% no closing costs with 10% down and automatic withdrawals on a 30 year. Their lowest rate is 3.75% for 15 year.
Check other local banks. Credit unions aren't always cheaper.Where is everyone getting their mortgage through?
My credit union rates are terrible. 4.25% no closing costs with 10% down and automatic withdrawals on a 30 year. Their lowest rate is 3.75% for 15 year.
Not the best from what you guys are posting but what do you guys think:
Not locked in yet so numbers are estimated.
3.375 - 3.45 APR
20 Years
No Points
I am choosing impound voluntarily, not because I have to.
Excluding impound deposits-
$500 Good faith deposit (supposedly refunded after the loan closes. I am not happy about this but I trust my credit history and finances will pass their underwriters)
$2387.00 Closing Costs
-850.00 Lender credit
$1,537 Total Net Closing Cost
This is for a 170K refi. Thoughts?
What is an impound deposit?
A mortgage at 4% is not cheap if it is a loan on a property being artificially propped up to 50% more than the property is worth. And all these money printing games are the only thing propping it up. Rates could very easily fall to under 3% for a 30 yr fixed. Japan has been pulling this crap for 30 years now and it hasnt solved anything. And it wont. Because its not meant to. It is meant to completely bankrupt the middle class. So ask yourself, who the frick is going to buy houses if the big banks are in collusion with the government to destroy the middle class? 50 million retiring idiot Obomney loving baby boomers? Ha! Dont count on it.
Grats.Woo! Gave it a second roll of the dice after some homes recently sold in my neighborhood last month at very favorable prices. My appraisal came back over $30,000 higher than it did this spring making my LTV at 77%. Locked in for 30 years at 3.625% and about $1500 in closing costs. My mortgage payments are going down $300 a month and only slighltly alter my repayment window since I was only 2 years into the first mortgage.
Just taking that extra $300 and putting it right back against the loan would take me from a 30 year to a roughly 22 year loan. I'd shave off close to $65,000 in interest.
Woo! Gave it a second roll of the dice after some homes recently sold in my neighborhood last month at very favorable prices. My appraisal came back over $30,000 higher than it did this spring making my LTV at 77%. Locked in for 30 years at 3.625% and about $1500 in closing costs. My mortgage payments are going down $300 a month and only slighltly alter my repayment window since I was only 2 years into the first mortgage.
Just taking that extra $300 and putting it right back against the loan would take me from a 30 year to a roughly 22 year loan. I'd shave off close to $65,000 in interest.