The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Refinance question
| .....,,.,.,.,..,.,.,,,,,.,.,.,.,.,.,,. | 07/09/20 |
| Duck-like comical business firm dysfunction | 07/09/20 |
| .....,,.,.,.,..,.,.,,,,,.,.,.,.,.,.,,. | 07/09/20 |
| .....,,.,.,.,..,.,.,,,,,.,.,.,.,.,.,,. | 07/09/20 |
| ActualLawyer | 07/09/20 |
| ,,,....,,,,,,,m,,,,,,mmm,,,, | 07/09/20 |
Poast new message in this thread
Date: July 9th, 2020 3:49 PM Author: .....,,.,.,.,..,.,.,,,,,.,.,.,.,.,.,,. Dumb refinance question:
My current rate is 3.8125%. I can refinance at 3.25%, which includes over $4,000 of credit -- so no closing costs. Is there any reason *not* to do this other than the hassle? |
Date: July 9th, 2020 3:50 PM Author: Duck-like comical business firm dysfunction (0x6c542c3a976e324ccb84d594cbc084bd57597849) you can probably refi lower if you shop around (http://www.autoadmit.com/thread.php?thread_id=4580206&forum_id=2#40575460) |
 |
Date: July 9th, 2020 3:54 PM Author: .....,,.,.,.,..,.,.,,,,,.,.,.,.,.,.,,. Got quoted for 2.8125% but that includes some closing costs. The rate above includes several thousand in lender credits, which means no closing costs.
I don't see a downside here as long as the lender doesn't try to get shady and increase the principal amount. |
|
Date: July 9th, 2020 4:05 PM Author: .....,,.,.,.,..,.,.,,,,,.,.,.,.,.,.,,. Bump. Anyone here refi recently? Am I missing anything? (http://www.autoadmit.com/thread.php?thread_id=4580206&forum_id=2#40575566) |
|
Date: July 9th, 2020 4:09 PM Author: ActualLawyer (AllOutOfPaper) how many years in. If you have 10 years into a 30 year, and just do another 30 years, you are gonna pay more. Even if you sell in a few years, your gonna be paying more in interest and will probably get less equity out even with the lower rate (http://www.autoadmit.com/thread.php?thread_id=4580206&forum_id=2#40575585) |
|
Date: July 9th, 2020 4:08 PM Author: ,,,....,,,,,,,m,,,,,,mmm,,,, What’s your actually savings doing this? Like $100 a month? There is no way there are no closing costs. Someone has to pay the title agency and it won’t be the bank.
Rule of thumb is every .25 points is $55 a month on a $500k loan. |