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GRTiger
USA Fan
On a roof eating alligator pie
Member since Dec 2008
16188 posts

re: When was the last time you refinanced your mortgage?


Locked the rate in August, closed in October. 3.75%, 30 years.





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JEAUXBLEAUX
LSU Fan
Bayonne, NJ
Member since May 2006
43657 posts

re: When was the last time you refinanced your mortgage?


any day now





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Salmon
USA Fan
On the trails
Member since Feb 2008
25064 posts

re: When was the last time you refinanced your mortgage?


I refinanced at 3.25% for 30 in December





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LaBR4
LSU Fan
Baton Rouge
Member since Sep 2005
14738 posts

re: When was the last time you refinanced your mortgage?


Take a look into it. In 2010 I got 5%. I just refinanced at 3.75% for 30.


This post was edited on 3/19 at 3:31 pm


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TigerinATL
New Orleans Pelicans Fan
Member since Feb 2005
30796 posts

re: When was the last time you refinanced your mortgage?


You should look into it, you will most likely save money and the only question is how long you plan to stay in your house vs. how long it takes to cover the refinancing costs. I went from just over 6% to 3.75% with a quicker payoff and the break even point was about 1.5-2 years.

Even if you move before your break even point you still might come out ahead, because reducing the interest rate and years changed how much of my mortgage payment went to principle each month, so I'm building up equity much quicker than if I'd have kept the original loan.






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HeadCoach
LSU Fan
Shady's Parking Lot
Member since Mar 2009
4549 posts

re: When was the last time you refinanced your mortgage?


How bad would my credit have to be NOT to get a really good rate? We got no CC debt, some other little stuff but nothing big. Last time we tried we got a shite rate and I don't understand it. Who did you guys use cause aparently my guy sucks!





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BIGDAB
Grambling Fan
I don't like watermelon
Member since Jun 2011
6511 posts

re: When was the last time you refinanced your mortgage?


I did two last year and got 3.5 on both of them





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CHEDBALLZ
New Orleans Saints Fan
South Central LA
Member since Dec 2009
3042 posts

re: When was the last time you refinanced your mortgage?


3.25 on 30 year about 8 months ago. We pay bi monthly when I get paid and I also put a little extra on it. Doing this we will pay it off in 22-23 years





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busbeepbeep
New Orleans Saints Fan
:nolarugby.com:
Member since Jan 2004
9494 posts

re: When was the last time you refinanced your mortgage?


I did it in April 2012 and got 3.0%/15yr





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jjbodean1970
LSU Fan
Morgantown, WV
Member since Mar 2006
6469 posts

re: When was the last time you refinanced your mortgage?


I'm closing next week on a 30 year at 3.5, new purchase not a refinance.





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jeffsdad
Member since Mar 2007
3391 posts

re: When was the last time you refinanced your mortgage?


last month got 2.75 for 10 years.





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jmtigers
Southern Miss Fan
1826.71 miles from USC
Member since Sep 2003
3570 posts

re: When was the last time you refinanced your mortgage?


30 year 3.75 about a month ago refi.





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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
20332 posts

re: When was the last time you refinanced your mortgage?


Libor + 1.625 about a year ago.





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Will Cover
Gonzaga Fan
Nashville, TN
Member since Mar 2007
23888 posts

re: When was the last time you refinanced your mortgage?


I refinanced about 7 or 8 months ago. Went from 4.375 % (15 year) to 2.875 (15 year).

Was worth it to me.






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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
5873 posts

re: When was the last time you refinanced your mortgage?


Just did new construction, got 3.625 0/0 on 30 yr. in August.

Like yellowfin said, paying cash for house right now is a logic I can't comprehend.






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wiltznucs
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
7018 posts

re: When was the last time you refinanced your mortgage?


I did a refi two months ago on my FHA loan and got 3.5APR/3.625APY. Not the best deal out there but with the FHA loans and underwater mortgages here in FL I was pretty pleased considering I was at 6+ beforehand.





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rsande2
LSU Fan
Member since Jan 2006
3423 posts

re: When was the last time you refinanced your mortgage?


quote:

When was the last time you refinanced your mortgage?


I am closing within the next couple weeks and I got 3.15% and was at 5.25% before.






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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: When was the last time you refinanced your mortgage?


Bought our first home. 30 yr 3.25%





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Bear Is Dead
LSU Fan
Monroe
Member since Nov 2007
3349 posts

re: When was the last time you refinanced your mortgage?


Just got 3% on a 15yr. Theyre cheap as shite right now





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
28602 posts

re: When was the last time you refinanced your mortgage?


I refi'd back in November for 30 years at 3.25%. No points. I think I was lucky enough to hit the exact low for my area though.





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