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Author
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Topic: Refinancing the house.
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sic70stang
CAFords OG
Member # 4347
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posted
 
 
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?
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The anti-crew
1987 rolling safety violation.
Posts: 6940 | From: California | Registered: Jul 2005
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stanger50
20yr club
Member # 1665
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posted
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.
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1998 Cobra SVT convertible
Bright Atlantic Blue (1 of 247)
20 year club.
Posts: 1318 | Registered: Aug 2002
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v-town coupe
fordologist
Member # 2771
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posted
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]](graemlins/patriot.gif)
Posts: 4597 | From: the V-town | Registered: May 2003
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sic70stang
CAFords OG
Member # 4347
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posted
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
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The anti-crew
1987 rolling safety violation.
Posts: 6940 | From: California | Registered: Jul 2005
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68dustin
CAFords OG
Member # 5388
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posted
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 ]
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"As I lay rubber down the street, I pray for traction that I can keep, and if I do begin to slide, please dear God protect me and my ride!"
Posts: 3986 | From: neverland | Registered: Feb 2005
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1996 GT
I'm Joe Yates
Member # 4992
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posted
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.
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Posts: 9308 | Registered: Oct 2004
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sic70stang
CAFords OG
Member # 4347
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posted
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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The anti-crew
1987 rolling safety violation.
Posts: 6940 | From: California | Registered: Jul 2005
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