WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375
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    WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    WOO-HOO, I just locked in a 4.375 Rate on a 15 yr Mortgage compared to the 6.0 30 year I had prior.

    My Payment is going down $10, and I will have my house paid off in half the time!! AWESOME!!!!

    Time to party!



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Congratulations! How many years did you have left on your 30 year mortgage?



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Wow. That is amazing. Through who?


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    Not in CO anymore but I'm not changing my name :)

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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Through a buddy of mine who works at Guaranty Bank out of Cedar Rapids. I'm stoked.

    I had 27.5 years left!



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Well done! Thats less than my student loans.



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    A 30 year fixed won't be much higher than that in a month or two.



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Got ya beat. I re-fi'd from a 30yr 7.25 to a 15yr 4.25 about 5 yrs ago.

    My payment pretty much remained the same.



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Congrats! That's awesome. Now go spend some money you cheapskate.

    I live in CR. Hopefully I can find a friend in the banking biz.



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Quote Originally Posted by tzjung View Post
    WOO-HOO, I just locked in a 4.375 Rate on a 15 yr Mortgage compared to the 6.0 30 year I had prior.

    My Payment is going down $10, and I will have my house paid off in half the time!! AWESOME!!!!

    Time to party!
    Now just make an extra principal payment every month and get it paid off in 7! It really does not take all that much at the beginning of the loan, usually it only and extra $200-$300 a month.


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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    how many points and fees did you pay 4%!? I would actually prefer to know your APR. Either way it sounds like it worked out as you shortened your term saving you a lot of interest in the long run


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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    1 Point...but my buddy is going to try and give me the inside .25 bargain, for a total of .75.

    Pretty good deal IMO...



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Anyone on here do re-fis for a living? I'd like to check out a 15 year!


    Just in case you didn't know... I'm a girl.

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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    I can't get the math to work on this unless the re-fi loan amount is around 22% less than the original loan.



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    i can get you 4.375% today with .75% as well right here in des moines.



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    Re: WOO-HOO 15 YR Mortgage Re-Fi locked in at 4.375

    Quote Originally Posted by CycloneChris View Post
    I can't get the math to work on this unless the re-fi loan amount is around 22% less than the original loan.

    It is...our original loan was FHA where we put 3% down. I'm putting down full 20% now so I can get rid of PMI. Should have mentioned that.

    You're math is correct!



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