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Started By
Message
My new Refinance rate
Posted on 1/9/09 at 9:55 am
Posted on 1/9/09 at 9:55 am
4.5% on $140,000 for 30 years. No points, but I have to pay PMI. I had an 80%/20% so I'm saving about $280 per month. I though this was pretty good. What say you?
3
Posted on 1/9/09 at 9:59 am to MSMHater
Just read the thread about declining value of the house versus the interest savings. My 20% was 9.75% and the 80% was 6.85. Builders are also still building in the Clear lake are so I'm not sure a sharp decline will occur there. But I really don't know.
Posted on 1/9/09 at 10:04 am to MSMHater
what bank?? That's the best I've heard.
Posted on 1/9/09 at 10:04 am to MSMHater
Could you have done an 80/10/10 loan to avoid paying PMI?
The 10 is tax deductible whereas PMI isn't.
The 10 is tax deductible whereas PMI isn't.
Posted on 1/9/09 at 10:11 am to Will Cover
The interest rates on the 10 % loans are outrageous though.
Posted on 1/9/09 at 10:12 am to MSMHater
Less than 5 % right now at Campus Federal Credit Union in Baton Rouge.
This post was edited on 1/9/09 at 10:13 am
Posted on 1/9/09 at 10:46 am to Will Cover
quote:
whereas PMI isn't
it was last year
Posted on 1/9/09 at 11:06 am to slimedog
what bank is this.
Posted on 1/9/09 at 12:47 pm to desitiger
quote:
what bank?
Avoided this question on a few post still?
[Posted on 1/9/09 at 7:32 pm to Will Cover
quote:
The 10 is tax deductible whereas PMI isn't.
PMI is now deductible began 1/1/07
Posted on 1/9/09 at 11:07 pm to tigeralum06
quote:
PMI is now deductible began 1/1/07
Although this doesn't apply to the Cover family, I'm glad to know this.
Thanks.
Posted on 1/9/09 at 11:27 pm to Will Cover
Closed today on a refi, 4.75% no orgination or points, with Standard Mortgage. I took 75,000 out of equity. Increased years by 10 and note stayed roughly the same. They had the best closing cost I've seen, all was smooth.
Posted on 1/10/09 at 7:46 am to Doc Holliday
Our person locked us in for a re-fi earlier this week at 4.85 for 30 years with no points. I probably could have shopped around a little more, but I was ready to get this done.
Posted on 1/12/09 at 12:37 pm to footballislife
Just locked in earlier this morning at 4.625% with no orig fee, no points. Thanks to this site, about a month ago, I became aware of the great rates available and started looking around. Glad to be finished...good luck to all!
Posted on 1/12/09 at 1:13 pm to TygerB8
quote:
Just locked in earlier this morning at 4.625% with no orig fee, no points. Thanks to this site, about a month ago, I became aware of the great rates available and started looking around. Glad to be finished...good luck to all!
What bank?
Posted on 1/12/09 at 1:18 pm to spslayto
Home Bank in Lafayette
Posted on 1/12/09 at 1:21 pm to TygerB8
quote:
Home Bank in Lafayette
Thanks. I'm with Countrywide and they offered 4.875% late last week, but I had to pay 1% for points and with closing costs, it totaled nearly $4,700 to refinance. I'm just trying to find out if there are better options available.
This post was edited on 1/12/09 at 1:23 pm
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