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Regenerated User
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Was just thinking about this. Bank Of America has offered me 3.625 APR 3.769 30 year no points. That isn't quite a full point under my current mortgage. The pay off from rolled in fees is 40 payments. Not real exciting. I understand credit score and geography affect the offer.
But... Are we at the bottom of the rates?
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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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09-07-2012, 11:12 AM
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Registered
Join Date: Apr 2003
Posts: 411
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I am looking at doing a refi on my 30 yr from 4.25 to 3.5. My guy has no closing costs at all and it's not rolled into the mortgage value, either. I've done this a few times before with him. I think he makes his money on the interest rate float, meaning, he gets a premium when the loan is sold, which happens almost immediately. The only bad thing is that the mortgage starts over at 30 years each time. Not really a big deal in the grand scheme of things anyways, meaning, monthly cost is less and total lifetime interest is way less, and I can always make extra payments as a few of you have said.
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09-20-2012, 01:48 PM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,969
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Who has your mortgage right now? Go to them first and give them the option to re-fi "as is, where is" with no hassles and so on. After all, they have your paper right now and its to their best interest to not let it go.
Thats what I did and its working well... Joe A
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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09-30-2012, 06:18 PM
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1972 Porsche 911 T/S 1971 2,2S
Gretta
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