Refinancing?

shel90

shel90

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Our house mortgage is so high and we would like to refinance but do we have to live at our house for a certain length of time before we can do that? We keep getting a lot of offers in the mail to refinance our house and it looks so tempting but I think it is too soon. Anyone have any suggestions or experiences to share? Tips?
 
shel90 said:
Our house mortgage is so high and we would like to refinance but do we have to live at our house for a certain length of time before we can do that? We keep getting a lot of offers in the mail to refinance our house and it looks so tempting but I think it is too soon. Anyone have any suggestions or experiences to share? Tips?
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Ok First...

What is your internet...

Right now Avg. 5.3 percent * depend on State* so If your internet with too high than 5.3 then go for it?


LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance


Good luck ;)
 
Rate rises are pain in the ass!!! We have been getting rate rises for the morgagatees 3 times in the last month and we just got the recent rise yesterday! :rl:
 
Shel,

My advice in these troubled times, is to stay where you are now. Getting a new refinanced mortgage, while it can lower your payments and interest paid.

It can also have a reverse effect. You could actually end up paying more than you are now in the long run. It could add points to your mortgage.

Right now, you can afford your mortgage, in this unstable economy, with jobs laying off, I would be very very very weary of messing with my mortgage.

Just my .02 cents.
 
Bear said:
Shel,

My advice in these troubled times, is to stay where you are now. Getting a new refinanced mortgage, while it can lower your payments and interest paid.

It can also have a reverse effect. You could actually end up paying more than you are now in the long run. It could add points to your mortgage.

Right now, you can afford your mortgage, in this unstable economy, with jobs laying off, I would be very very very weary of messing with my mortgage.

Just my .02 cents.
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Yea, that was what my gut feelings are telling me but I feel bad for my hubby having to work 2 jobs cuz of it. GRRR! I hope the economy improves soon!

Thanks!
 
Blame it to President Bush -- He's the one who destroyed the economy.
 
Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs.

Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again.

Mod Edit: No advertising allowed. Contact webmaster(at)alldeaf.com if you have any questions.
 
Deaf Mortgage said:
Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs.

Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again.
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Just want say...

Awesome :thumb: ;)
 
Deaf Mortgage said:
Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs.

Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again.
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Ok Can do that. We bought the house 7 months ago. Thanks
 
My friend got refinance only 3 months after bought house because her Internet was 8.3 then change to 6.3 something... save her $300.00 to 400.00 :D
 
All Aders will be in Federal Jail ! :eek: LOL !!!
 
Jclarke said:
Doesn't matter, we all can flee to Australia! We welcome all AD'ers to our beautiful island ;)
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Yayayay... I guess... you need find a bigger apartment so we can live with you ;) :):):fingersx:
 
Phillips said:
My friend got refinance only 3 months after bought house because her Internet was 8.3 then change to 6.3 something... save her $300.00 to 400.00 :D
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If we can reduce our mortgage by 300 to 400 a month, my husband can quit his 2nd job! That would be so great!
 
shel90 said:
If we can reduce our mortgage by 300 to 400 a month, my husband can quit his 2nd job! That would be so great!
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Good luck ;) :fingersx::fingersx:

If Your husband can quit his 2nd job.. then he will spend more time with you at your bedroom :naughty: J|K :):)
 
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