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

[Stelrs1995]

We were going to refinance until our appraisal came in $21,000 less than we paid for it 4 years ago. So that would have killed our 20% equity meaning PMI insurance, so we decided to wait. We have 5.1% right now but only for another 6 years.

 

[erikbj]

I close on my 4.375% 30 year next week. can't wait to knock $350 / mo off the mortgage payment.

 

[CycloneDaddy]

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!

How is your mortgage payment going to be $10.00 less per month? Are you no longer paying mortgage insurance or is your new loan amount quite a bit less then the original loan amount. Congrats on getting a pretty good rate and only paying 1 point orig fee + closing costs.