Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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hmm
I just spoke with a friend in our town that took his home off the market in the fall due to no demand. Out of 18 houses on my street, 3 were for sale - one is now being rented after being on...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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One would have be out of their mind not to take advantage of the dollar/credit bubble to get the F out of debt as quickly as possible. The middle class will be effectively destroyed by 2020 at...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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Doing it myself right now. Been waiting patiently for the "perfect storm" in the market: bottoming in rates coupled with rising home prices. Looks like we're getting close if not there?
Going to...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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The perfect storm was months ago in Arizona. Home prices have been rising for many months, and interest rates were at bottom 2 months ago. I, personally, think that home prices are going to...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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If you can its a no-brainer.
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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11 Replies
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A year ago last summer-ish I tried to refi our (only) mortgage to take advantage of low rates. We bought the home in June/2010, and paid 20% down and have been (overpaying) the mortgage since but...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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I assume that you have and are looking at refinancing with a 30 year mortgage. If you're over paying currently, could you afford the payments of a 15 year mortgage at an even lower rate?
With...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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Just completed our refi, to give you a data point. Our interest was 5.5% on 178k (bought 3 years ago) and we refi'd at 3.375 on 171k. Granted it reset the term to 30 years but our monthly savings...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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While anything can change, at this time I tend to agree with this comment.
For over a year and up until just 6 months ago, 90% of my closings I had were refinances.
However, as of the past two...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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Interesting. Heard the same thing from my mortgage broker. It's a frozen tundra up here and there's probably two solid homes (well kept, no short sale or in foreclosure) for sale in my entire 4 sq...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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the catch was, at the time, we didn't have a lot of cash around to sink into something - I was anticipating some insurance rebates but had to use a lot of cash as working capital.
This go around I...
Time to try refi..... again?
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Thread created 02-02-2013 by Dr. J
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Not sure why nobody mentions this but it completely depends on how long you plan on keeping the house. If you plan on keeping it until it is paid off then of course you want to refi. However, if...
