This is topic Refinancing the house. in forum General Talk at Northern California Ford Owners  .


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Posted by SIC70STANG (Member # 4347) on :
 
I've been in the house a year and decided to refinance from a 30 year to a 15. Anyone else done this and what rates were you seeing?
 
Posted by stanger50 (Member # 1665) on :
 
Bought my house in July of this year. went with 30 yr fixed @ 4.25

The 15 yrs method was set at 3.85%

If I were you, I waould just make a 14th-15th payments per year. Same as 15yr loan, but this way, your not locked in at a set payment.
 
Posted by v-town coupe (Member # 2771) on :
 
quote:
Originally posted by stanger50:
Bought my house in July of this year. went with 30 yr fixed @ 4.25

The 15 yrs method was set at 3.85%

If I were you, I waould just make a 14th-15th payments per year. Same as 15yr loan, but this way, your not locked in at a set payment.
[patriot]
 
Posted by SIC70STANG (Member # 4347) on :
 
I'm currently at a 4.75 and the 15 is a 3.65. It raises my payments only about $ 200. I locked it in today. Do you think we will see rates this low again? Seems like good tIme to buy
 
Posted by 68dustin (Member # 5388) on :
 
Got my house a year ago and i got fixed 4.1 for 30 yr

[ November 04, 2011, 09:37 PM: Message edited by: 68dustin ]
 
Posted by Cobra 93-4992 (Member # 4992) on :
 
quote:
Originally posted by SIC70STANG:
I'm currently at a 4.75 and the 15 is a 3.65. It raises my payments only about $ 200. I locked it in today. Do you think we will see rates this low again? Seems like good tIme to buy
There's no such rate at 3.65. Rates are in 1/8ths of a percent so your probably getting 3.625%. Rates for a 15 yr are around 3.375%. Do some shopping brugh..... I think a 15 is a good move if your payment is only going up by 200.
 
Posted by SIC70STANG (Member # 4347) on :
 
3.625 is what I meant to write. It would be going up 229 bucks to be exact. It will take away from car projects though. Is that seem to be a decent rate? So far i havnt looked around since it's the same lender I currently have
 




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