| Posted By |
Message |
| Pages: 1 [2] |
butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
|
Refinancing your house
We did this... Our rate dropped like 3 %, we also switched down to 15 year....
Something to keep in mind which I forgot, you will be paying less interest, so there is less tax credit at the end of the year when doing taxes.
|
Posted 7/18/16 11:12 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
|
Re: Refinancing your house
Posted by allIwant
Posted by OhBaby2
Posted by evrythng4areason
We did it a few months ago. Lowered from a 30 to a 20 year mortgage, got rid of pmi, and lowered our interest rate slightly. We rolled the closing costs into the mortgage
we did the same exact thing last year, saved .50% on our interest rate but getting rid of pmi was key and we were able to go from 30 to 20yrs.
Can you explain to me how it helped u get rid of pmi?
We got a good price on our house 4 years ago, and the market has improved since then. We've also always paid extra on our mortgage, so in 4 years even though we only put down 3.5%, we now had 20% equity (plus the cost of closing costs, since the house had to appraise high enough to cover that as well).
We went from a 30 year loan with technically 26 years left to a 20 year and by removing the pmi, along with the extra we had been paying, our base mortgage payment was actually lowered a bit. We now pay a decent amount extra each month bc we just kept paying what we had been including extra before we refinanced. Our goal is to have it paid off in 15 years tops, hopefully 10. Our only debt is the mortgage and 1 car payment though.
|
| Posted 7/19/16 7:45 AM |
| |
|
loanDepot
LIFamilies Business
Member since 4/16 2 total posts
Name:
|
Re: Refinancing your house
Hello everyone!
For excellent rates and phenomenal service please contact Justin Schiatta at Loan Depot. I would be happy to answer any questions you may have about the home buying or refinancing process.
Justin Schiatta
NMLS#115343
[email protected]
(631) 879-8399
http://www.lifamilies.com/company/loandepot-62656.html
|
| Posted 9/7/16 3:58 PM |
| |
|
EMC11709
LIF Toddler
Member since 3/10 484 total posts
Name:
Erica
|
Re: Refinancing your house
We just did this too to get rid of pmi. We stayed with a 30 yr, so our payments dropped almost $400.
Message edited 9/8/2016 1:41:43 PM.
|
| Posted 9/8/16 1:40 PM |
| |
|
jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
|
Refinancing your house
We're doing this now..streamline refinance dropping our rate and keeping the same term. Closing costs are minimal.
|
| Posted 9/8/16 8:07 PM |
| |
|
Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
|
Refinancing your house
Jeez, even the admins are even gone now. They don't even bother to remove solicitation posts at this point.
|
| Posted 9/8/16 9:09 PM |
| |
|
LSP2005
Bunny kisses are so cute!
Member since 5/05 19461 total posts
Name:
L
|
Re: Refinancing your house
Posted by Blazesyth
Jeez, even the admins are even gone now. They don't even bother to remove solicitation posts at this point.
I've noticed that too. Is there a lif fb site? If so, could someone add me?
|
| Posted 9/8/16 11:16 PM |
| |
|
Kitten1929
LIF Adult
Member since 1/13 6040 total posts
Name:
|
Re: Refinancing your house
Posted by LSP2005
Posted by Blazesyth
Jeez, even the admins are even gone now. They don't even bother to remove solicitation posts at this point.
I've noticed that too. Is there a lif fb site? If so, could someone add me?
Well the person above who solicited is a LIF Business so it's not like he's doing something wrong.
|
| Posted 9/9/16 8:18 AM |
| |
|
Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
|
Re: Refinancing your house
Message edited 9/9/2016 8:31:01 AM.
|
| Posted 9/9/16 8:29 AM |
| |
|
| Pages: 1 [2] |
