who has not refinanced their 30 year..

[Mikey P]

I found a 1988 newspaper today..

Do you think its possible that anybody hasnt?

 

[ronbeatty]

When We bought our home in 1979, we had to put 30 percent down and the cheapest interest rate was 11 1/4 percent. It is paid for, I like it that way.

 

[Ralph Pastorelli]

That was Phil Risutto for the Money Store. I refinanced mine two years ago from a 30 year 8.5% to a 15 year 4.25 %

 

[Lee Stockwell]

The rate was so high because of similarly high inflation. Will likely happen again soon.

15 year is great. Japan often financed over a 100 year period... So your grandkids can hate you.

 

[hogjowl]

I got two years left on mine.

And my youngest gets out of college in 8 months.

Then I MIGHT be able to get a van with pork holes.

 

[ronbeatty]

Marty,

There is life after children and their college. Grandkid's are great!!!

 

[hogjowl]

Marty,

There is life after children and their college. Grandkid's are great!!!

I have four grandkids.
I wish I'd had them FIRST!

 

[Jimmy L]

Got a 10 year arm for the new shack at 3.5 %

 

[truckmount girl]

We still have our 8.5% 30 year fixed.

Can't refinance because my mom is on the title and is paranoid....It is insane.

Luckily it will be paid off in '23.

Then we just have to figure out how to get her to finally let loose of her name on the paperwork....I a,m positive she will outlive me though, so maybe she has plans after my demise.

Take care,
Lisa

 

[kingjoelking]

My dad bought his 1st house in 1969 he never ever refinanced it or got a second. House payment was $345 2400 sf 2 story and a half basement home.

 

[Russ T.]

We bought our house almost 4 years ago, so we got a great rate.

Real Estate has done well here in the last few years. Seriously considering selling again and getting onto an acreage near here before rates go up again.

Many needs for our growing business though. It's important to prioritize for the future. We may stay put and continue investing in our biz...

These are the tough decisions that can make or break a small biz like us.

 

[Desk Jockey]

I refinanced two years ago and saved a ton from the rip off interest rates. But this year my escrow went up a couple of hundred.

Pay it off? Whuts that?

Sh*t my ass will be dead a buried before it gets paid off.

 

[Shane Deubell]

My dad bought his 1st house in 1969 he never ever refinanced it or got a second. House payment was $345 2400 sf 2 story and a half basement home.

Yeah my first car payment was higher then my parents mortgage.

The funny part is he would complain about it!!!

 

[Doug Cox]

Only a few years left.

 

[Chris A]

refinancing for the second time to a 15 year at 3.5, I figure the low rates aren't gonna last forever

 

[PrimaDonna]

We refinanced our primary a year after moving in and dropped the rate over 1%. Adds up over 30 years and on a mortgage our size even tho we put 20% down when we bought it avoid PMI. We also refied our rental property at the same time and dropped it to a 15 year. My youngest will be 17 when its paid off.... Just in time to roll over to college tuition.

 

[Ray Burnfield]

We refinanced 3 years ago. Had 9 years to payoff. Big payment every month.
Took out a 30 year loan that cut the mortgage by more than half.
Can't find a 1 bedroom apartment to rent for what we are paying for our house.

 

[Mikey P]

you had nine to go, and now you have 21 more?


how much will that move save you?

 

[Ray Burnfield]

Actually we have 27 more years.
The mortgage payment is small enough that we could make the payment the rest of our lives.
We can also cash out and move to Nevada.
Just don't know if I'm old enough to slow down that much yet

 

[Mikey P]

Get a bike..

 

[Ray Burnfield]

Don't know if that would do.

 

[ruff]

Why would one inflict a move to Nevada on one self?

Oh yea. Years of chemical exposure.
Makes sense, Ray.

 

[FB7777]

When I took out a 15 yr mortgage in 1994 the rate was 8.25 %


Huge savings over a 30 year note ( $125,000 in interest )

I was fortunate to pay it off early .

With sub 4 % rates the interest is definitely less of a hit


A neighbor does refi for work and says she is slammed right now . It's anyone's guess when rates will rise.

 

[Jimmy L]

Regardless of mortgage rates..........we are ALL renters.........to the GOLDBERGS who own all of this country's banks.
Federal reserve bank..............what a joke.............they are all owned by Goldbergs.
Same with wall street............they manipulate the markets and HARVEST any gains you make with your investments.

And there is NO gold in Fort Knox.

 

[Doug Cox]

Sounds like a good reason to pay off a mortgage ASAP.

 

[hogjowl]

Talk to Ofer.
Next reunion, he'll get Jimmy's dollar back.