Cars > monkeewrench’s Garage > Blog > -Locked at 5%!!!
Blog Categories
monkeewrench’s Blog Posts 1 – 5 of 7
- 66' Chevelle SS Resto Phase 3: "Got Realfire???"
- Sat Aug 28, 2010 | comment
- ~Starting back in on the Chevelle!!! "Phase 2"
- Sat Jan 23, 2010 | 1 comment
- Cool 1955 Willys!!!
- Thu Feb 26, 2009 | comment
- -Locked at 5%!!!
- Fri Dec 12, 2008 | 1 comment
- -REFUSE NEW COINS!!!
- Thu Nov 13, 2008 | 4 comments
-Locked at 5%!!!
Dec 12, 2008 | Views: 339
Share this story
-Anyway, lending rates dropped again yesterday and my mortgage tycoon nab hounded me once more. I have less than fantastic credit and was still able to lock in and refi the house on a 30-year fixed at 5%!!! Down from 6.65% which wasn't bad, but over a point and a half warrants a killer savings, well worth the closing costs!!!
If anyone is thinking about doing a refi / "personal bailout" I can't reccomend it enough, get on it ASAP!
-Happy Holidays Everyone!
Permanent Link to this Blog Post:
Log in to post comments.
Read comments on this blog post 1 of 1
- Dec 12, 2008 at 11:41 am
- That's great! For most, that is a great way to save. Of course those with paid down mortgages need to proceed cautiously when it comes to extending the length of their mortgage. Then the bi-weekly payment produces great savings also, at no additional cost to the borrower. Couple the bi-weekly payment program with some extra on the payment each month and watch your mortgage balance drop (all depends on what is in ones budget of course). Old saying: beat the rent and you have the world by the a$$, Translated that means payoff your home as quickly as possible and you will be way ahead. Just a couple thoughts.
Jerry
Cars > monkeewrench’s Garage > Blog > -Locked at 5%!!!
