Search found 8 matches

by mattvt15
Fri Aug 21, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

Right. If rates go up and you don't see that 2.375 again, youll have cost yourself money in the long run by going with the 'no cost' option now. exactly. To be honest, I totally get the mentality here to not pay anything. But I think that applies more when interest rates were in the 3.5% - 5% range...
by mattvt15
Fri Aug 21, 2020 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: LenderFi process, etc.

So, my questions are: --Should we really need to sign every document to talk turkey about rates? --Is it possible that we'd get even better terms than the estimate after we do get to the point of talking rates (excellent credit, etc., etc.)? --Are we really on the hook for appraisals, etc. when the...
by mattvt15
Fri Aug 21, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

Rather than looking at the $30k savings over the life of the loan, how will you feel if rates continue to fall and you can get 2.375% at no cost or maybe even 2.125% at no cost? In that instance you're either sticking to your 2.375% or doing another refinance and eating the $4,758 cost you spent to...
by mattvt15
Fri Aug 21, 2020 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

Rather than looking at the $30k savings over the life of the loan, how will you feel if rates continue to fall and you can get 2.375% at no cost or maybe even 2.125% at no cost? In that instance you're either sticking to your 2.375% or doing another refinance and eating the $4,758 cost you spent to...
by mattvt15
Thu Aug 20, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

Was just offered the following from New American Funding: 2.50% 30 year fixed, 63% LTV A = $1,420 B = $213 C = $1,880 - a lender credit of $745 E=$947 I'm currently at 3.25% 30 year fixed. Should I take the above offer? My loan estimate also has about $4000 of the closing costs rolled into the loan...
by mattvt15
Thu Aug 20, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

trying to figure out if this is a good quote for refinance. $445k loan (closing costs rolled in) with 85% LTV. A + B + C + E = $4,758. 2.375% 30yr fixed. Its my 3rd house, so I think I finally know what I want (though of course job changes could always impact that), which means I plan to be here fo...
by mattvt15
Thu Aug 20, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

trying to figure out if this is a good quote for refinance. $445k loan (closing costs rolled in) with 85% LTV. A + B + C + E = $4,758. 2.375% 30yr fixed. Its my 3rd house, so I think I finally know what I want (though of course job changes could always impact that), which means I plan to be here fo...
by mattvt15
Thu Aug 20, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10047
Views: 708366

Re: Refinance Mega Thread

trying to figure out if this is a good quote for refinance. $445k loan (closing costs rolled in) with 85% LTV. A + B + C + E = $4,758. 2.375% 30yr fixed. Its my 3rd house, so I think I finally know what I want (though of course job changes could always impact that), which means I plan to be here for...