Well I go tonight and finish the prelim paperwork. If you havent looked lately it might not be a bad time to check it out.
Got 4 1/2 % for 10 years . Along with another equity upgrade. Figure the mortgage should be paid up about the time I can retire .
[ 16. March 2004, 11:16 AM: Message edited by: 35TH ED/ed ]
Posted by Y2KSS1363 (Member # 1564) on :
I recently switched my home equity line of credit from Wells Fargo to Schwab bank. Variable interest rate went from 5% to 3.25%. Should save me about $100 per month in interest. New rate is 3/4% below prime.
Posted by Jim Mac (Member # 113) on :
Last summer - got in at 5 3/8% on a 30 year fixed.
Posted by DanA_F99_1977 (Member # 118) on :
I am in the process right now
Posted by Opie (Member # 2007) on :
Congrats...
Posted by 35TH ED/ed (Member # 1709) on :
quote:Originally posted by Y2KSS1363: I recently switched my home equity line of credit from Wells Fargo to Schwab bank. Variable interest rate went from 5% to 3.25%. Should save me about $100 per month in interest. New rate is 3/4% below prime.
Re doing the equity also. 1/4 below prime now hopefully we can get to 3/4 also .
Posted by 35th_camaro_ss (Member # 1738) on :
I did mine back in sept. and went from 30 yr to a 20 yr @ 5.7% fixed. Al
Posted by 10thhawk103 (Member # 2033) on :
We're in the process. Kinda holding out for a little better rate. Looking to get 4.5 for 15yrs. Best our broker has right now is 4.625, but she said things were heading the right direction.
Posted by Thom Mackesy (Member # 264) on :
I did mine las fall too Dropped the interest 2.5 points and cut the term from 30 to 15 years for a very slightly higher payment.
Posted by 35TH ED/ed (Member # 1709) on :
quote:Originally posted by cytruffle:
quote:Originally posted by 35TH ED/ed: Got 4 1/2 % for 10 years . Along with another equity upgrade.
......so now you can afford to build me a little guesthouse on the "estate" so I can enjoy the lovely Michigan winters???
On the back 40 shure we can . Thats 40 feet the lots are small around here .
Posted by 35TH ED/ed (Member # 1709) on :
quote:Originally posted by 10thhawk103: We're in the process. Kinda holding out for a little better rate. Looking to get 4.5 for 15yrs. Best our broker has right now is 4.625, but she said things were heading the right direction.
Just be cautious nobody can predict what will happen. I said the same thing 1 1/2 years ago and they went up. This time we dragged our feet and they went down. Hope they go your way.
Posted by The Janitor (Member # 2035) on :
quote:Originally posted by cytruffle:
quote:Originally posted by 35TH ED/ed: Got 4 1/2 % for 10 years . Along with another equity upgrade.
......so now you can afford to build me a little guesthouse on the "estate" so I can enjoy the lovely Michigan winters???
HIJACK
Posted by Flamin' bird (Member # 786) on :
quote:Originally posted by The Janitor:
quote:Originally posted by cytruffle:
quote:Originally posted by 35TH ED/ed: Got 4 1/2 % for 10 years . Along with another equity upgrade.
......so now you can afford to build me a little guesthouse on the "estate" so I can enjoy the lovely Michigan winters???
HIJACK
What are you smoking?
[ 17. March 2004, 08:40 PM: Message edited by: The Janitor ]
Posted by 35TH ED/ed (Member # 1709) on :
quote:Originally posted by The Janitor:
quote:Originally posted by cytruffle:
quote:Originally posted by 35TH ED/ed: Got 4 1/2 % for 10 years . Along with another equity upgrade.
......so now you can afford to build me a little guesthouse on the "estate" so I can enjoy the lovely Michigan winters???
HIJACK
No hijack Millie likes to kid me about my house .It is kind of big.
A hijacking is a hijacking, be it welcome or not. Just making an observation.
Posted by TimeLord (Member # 1389) on :
WEIRD !!!!!
[ 18. March 2004, 11:04 PM: Message edited by: TimeLord ]
Posted by 35TH ED/ed (Member # 1709) on :
Got a call yesterday and the apraiser wants to go through the inside. 1st time I've ever seen this but it will give me a chance to see what he will apraise it for. I'm hoping for over $400K as that will give me 3/4 % below prime on the equity.
Posted by CamaroSCG (Member # 1591) on :
I've only got 6 years left at 7%, so I'm not sure it would be worth it. I was at 10.5% until the early 1990's, when I refinanced. I've been paying $25 to $50 extra over the monthly payment (about $380) since the begining of the loan in 1979. Maybe I'll have the bank run some numbers for me.
Posted by Y2KSS1363 (Member # 1564) on :
Watch out for shady lender practices. I just got the payoff documents today and a $500 termination fee was tacked onto the balance. A phone call to the bank resulted in the fee being removed, but I'd guess lots of folks would not even notice.
Posted by 35TH ED/ed (Member # 1709) on :
Should not have any problems with the lender . Going through the same one as I have now and have delt with them for years.
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. Along with another equity upgrade. Figure the mortgage should be paid up about the time I can retire ![[Big Grin]](biggrin.gif)
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