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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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I've re-fi'd with them once before. No issues, and no surprises. Yes its probably the same company.
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Hugh |
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02-29-2012, 07:56 AM
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least common denominator
Join Date: Aug 2001
Location: San Pedro,CA
Posts: 22,506
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Gary Fisher 29er 2019 Kia Stinger 2.0t gone  1995 Miata Sold 1984 944 Sold I am not lost for I know where I am, however where I am is lost. - Winnie the poo. |
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02-29-2012, 08:16 AM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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Pay day loans are by nature high interest rate, high risk as well. People who take out the pay day loans usually don't have credit cards anymore. Cashcall closed my loan yesterday, and I only paid $36.63 total fees. They will sell the note to CITI within a week or so.
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Hugh |
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02-29-2012, 08:45 AM
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Regenerated User
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Just refinanced again:
200K 30 yr 0 points 3.25%
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My uncle has a country place, that no one knows about. He said it used to be a farm, before the motor law. '72 911T 2,2S motor '76 BMW 2002 |
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09-28-2012, 12:16 PM
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Driver
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I gave a call to Cashcall yesterday. They quoted me 3.625% for a 30-year fixed jumbo with no points.
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1987 Venetian Blue (looks like grey) 930 Coupe 1990 Black 964 C2 Targa |
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09-28-2012, 12:26 PM
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Registered
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I'm in an FHA 30 yr. fixed in my current house. I so want to refi, but they've doubled the MIP since I closed on this loan and the new MIP rates apply to refi'ed FHA loans. So I could go down more than a rate point and still pay more because of the new MIP. Not worth it. If these rates last long enough for me to get into the equity position, we can refi to a 15 yr. loan, drop the MIP and our payments will be the same as we're paying now, because we pay extra every month.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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09-28-2012, 12:30 PM
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Driver
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Yeah, I've held out on refi-ing due to lack of favorable LTV ratio. We're only a couple years into our loan, and while we put down 20% at initial purchase, the market has fallen faster than that percentage. Only now is my home value coming back to around that 80% LTV ratio which would allow me to skip out on PMI, which is why I'm finally looking to refi.
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1987 Venetian Blue (looks like grey) 930 Coupe 1990 Black 964 C2 Targa |
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09-28-2012, 12:34 PM
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B58/732
Join Date: Feb 2000
Location: Hot as Hell, AZ
Posts: 12,313
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We bought in '99, financed 80% of the price. Thankfully we just appraised at 35% over what we paid. We were able to refi at 3.5% last month, turning our 30-year into a 15-year, and are still paying less per month than what we were (the rate we got in '99 was 6.375%).
Now's a good time to refi if you can do it!
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ΜΟΛΩΝ ΛΑΒΕ I don't always talk to vegetarians--but when I do, it's with a mouthful of bacon. |
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09-28-2012, 12:48 PM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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Take the difference of what you were paying and consider plowing it back into the loan. I had 7 years on my loan when I re-fi'd at 3.15% for a ten year. I'm taking the $500/month difference and plowing it back in to pay off in six years. You'd be surprised how much money you will save over the life of the loan, including the mortgage tax deduction.
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Hugh |
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09-28-2012, 01:38 PM
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canna change law physics
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We refi'd a few months ago. Rate went from 6.5% to 3.125%. Same payment (plus like $45 per month) and our loan went from 26 years to 15. I'm paying the extra priciple to drop it to 10 years.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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09-28-2012, 01:52 PM
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Driver
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I ran the calculations and found that if we refi right now, and continue to pay the same amount that we currently do (I throw in an extra 2 payments per year), we'd have the house paid off in about 15 or 16 years. Instead of the 27 we currently still have to go.
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1987 Venetian Blue (looks like grey) 930 Coupe 1990 Black 964 C2 Targa |
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09-28-2012, 02:38 PM
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Registered
Join Date: Sep 2009
Posts: 624
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09-28-2012, 03:04 PM
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Regenerated User
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Mortgage and Full Service Bank | Best Rates Trusted Service | Northpointe Bank
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My uncle has a country place, that no one knows about. He said it used to be a farm, before the motor law. '72 911T 2,2S motor '76 BMW 2002 |
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09-28-2012, 06:29 PM
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Banned
Join Date: Jan 2005
Location: cutler bay
Posts: 15,141
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Anyone know how long fla PMI lasts ?
the house next door had a fire and was abandon the bank BoA willnot even admit they own the house as the PMI is paying them so no foreclosure until that runs out I would like buy and bulldose the property but can't get any data on when the PMI runs out house is going on 5 years empty striped and burned so rebuilding is not really going to happen |
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09-28-2012, 07:55 PM
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Regenerated User
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Perhaps they were paying before the fire damage.
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My uncle has a country place, that no one knows about. He said it used to be a farm, before the motor law. '72 911T 2,2S motor '76 BMW 2002 |
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10-01-2012, 06:24 AM
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Banned
Join Date: Jan 2005
Location: cutler bay
Posts: 15,141
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yes abandon first
then kids got in and set the fire then scavengers hit got the a/c and copper pipes really sucks that BoA will not admit anything I have tryed but they just stonewall yard guys say BoA is paying them as do the few inspector /appraisers who have come by but BoA says not their property !!!!! yet |
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10-01-2012, 08:35 AM
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1972 Porsche 911 T/S 1971 2,2S
Gretta
Hansel
Ducati
1987 Porsche 930 3.3T
Only Porsche
Only bike
1970/1982 Porsche 914-6/911SC 2.7 RS
