- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Anyone know what the refi rates are at right now?
Posted on 1/3/21 at 8:57 pm
Posted on 1/3/21 at 8:57 pm
I read 2.72 2 weeks ago and I thought I saw something about 2.2 earlier today?
4
Posted on 1/3/21 at 9:13 pm to Tigeralltheway
I sign this week at 2.25% fixed on a Jumbo and have enough lender credit that my refi is costing me less out of pocket than I will get back from my escrow.......Therefore, FREE.
Because my Taxes / Insurance aren't changing, my very 1st payment will have more going to principal than interest. Yay me!
Because my Taxes / Insurance aren't changing, my very 1st payment will have more going to principal than interest. Yay me!
Posted on 1/4/21 at 8:06 am to oneg8rh8r
Which bank please? And I assume no points?
Posted on 1/4/21 at 9:33 am to Tigeralltheway
Depends on a couple of factors but I am seeing as low as 2% - Refinancing makes sense depending on how long you plan to stay in the house and how quickly you want to pay off your mortgage
Posted on 1/5/21 at 1:12 am to WeAreBR
I refi'd with Caliber, the same company that currently holds my mortgage. Originally it was going to be an IRRL, but decided to take cash out so had to do full doc VA again.
No points.
No points.
This post was edited on 1/5/21 at 1:13 am
Posted on 1/5/21 at 5:31 am to Tigeralltheway
Can anyone explain if this is a good deal to me. I signed an FHA loan almost one year ago at 3.25%. I got a call from my mortgage lender to do an FHA Streamline to 2.25%.
It claims the closing costs will just be 1 mortgage payment and I will not double pay.
Anyone have experience with this?
It claims the closing costs will just be 1 mortgage payment and I will not double pay.
Anyone have experience with this?
Posted on 1/5/21 at 9:06 am to Tigeralltheway
just go to zillow rates... it will show you pretty much the lowest possible rates available for your specific credit profile, valid for that very second you search.
Posted on 1/5/21 at 9:47 am to jsk020
I don't have any experience with a FHA streamline but it should be exactly like an IRRL.
So, what he is saying is the closing cost amount is probably close to what a single payment is. When you close, you will probably skip 2 payments, and simply have 1 payment (closing cost) tacked on to the other end of the loan.
You drop your rate by 1%, that is really good and you wind up with a 2.25% mortgage. That can't be beat......but everyone said that a year ago about 2.75, lol. Who knows, you might be refinancing in a year to 1.5%?
I personally am of the belief that I don't want equity in my home, especially when I could have that money earing more money (>30%) and all I have to do is beat my current mortgage interest rate (2.25%) to be ahead. The equity I don't have in my house will put me in a position in about 5 years to simply be able to pay off my house in full if the need ever arose. But, once again, WHY would I give a large sum of money earning a great rate to a company to pay off a loan where they have lent me money at 2.25%?
And, I need my mortgage for a tax deduction to boot.
So, what he is saying is the closing cost amount is probably close to what a single payment is. When you close, you will probably skip 2 payments, and simply have 1 payment (closing cost) tacked on to the other end of the loan.
You drop your rate by 1%, that is really good and you wind up with a 2.25% mortgage. That can't be beat......but everyone said that a year ago about 2.75, lol. Who knows, you might be refinancing in a year to 1.5%?
I personally am of the belief that I don't want equity in my home, especially when I could have that money earing more money (>30%) and all I have to do is beat my current mortgage interest rate (2.25%) to be ahead. The equity I don't have in my house will put me in a position in about 5 years to simply be able to pay off my house in full if the need ever arose. But, once again, WHY would I give a large sum of money earning a great rate to a company to pay off a loan where they have lent me money at 2.25%?
And, I need my mortgage for a tax deduction to boot.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News