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Refinance
- daisypusher
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- Mountain Legend
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10 Aug 2011 21:46 #1
by daisypusher
Refinance was created by daisypusher
Interests rates have dropped big time - now is the time to refinance or at least look at the numbers to see if it pays for your particular situation.
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- ScienceChic
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- Mountain Champion
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11 Aug 2011 00:31 #2
by ScienceChic
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
Replied by ScienceChic on topic Refinance
My sister-in-law just got a 10 year fixed at 3.25%.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
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- Pony Soldier
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11 Aug 2011 06:18 #3
by Pony Soldier
Replied by Pony Soldier on topic Refinance
Any suggestions on bringing the appraisal value up with all the foreclosures going on?
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- LOL
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- Mountain Legend
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11 Aug 2011 07:09 #4
by LOL
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
TM, that is the problem. Only a fraction of homeowners can take advantage of these low rates because alot of their equity vanished and appraisals are low.
Great time for first-time buyers with a down payment though. It looks like rates may stay low for 2 more years unless inflation really heats up.
Great time for first-time buyers with a down payment though. It looks like rates may stay low for 2 more years unless inflation really heats up.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
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- FredHayek
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11 Aug 2011 07:14 #5
by FredHayek
Thomas Sowell: There are no solutions, just trade-offs.
I heard an ad the other day offering refinances for those who are underwater on their homes. Does that seem very smart? Or just charge the owners a higher interest rate?
Thomas Sowell: There are no solutions, just trade-offs.
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- archer
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11 Aug 2011 10:34 #6
by archer
It only seems smart if the people can't pay the going rate on their loan, but a refinance would keep them in their home with a lower interest rate. Can't imagine why anyone would refinance at a higher rate unless they have a balloon payment due soon.
SS109 wrote: I heard an ad the other day offering refinances for those who are underwater on their homes. Does that seem very smart? Or just charge the owners a higher interest rate?
It only seems smart if the people can't pay the going rate on their loan, but a refinance would keep them in their home with a lower interest rate. Can't imagine why anyone would refinance at a higher rate unless they have a balloon payment due soon.
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