Refinancing?

shel90 · 03-04-2008, 07:17 PM

Our house mortgage is so high and we would like to refinance but do we have to live at our house for a certain length of time before we can do that? We keep getting a lot of offers in the mail to refinance our house and it looks so tempting but I think it is too soon. Anyone have any suggestions or experiences to share? Tips?

Phillips · 03-04-2008, 07:22 PM

Quote:

Originally Posted by shel90

Our house mortgage is so high and we would like to refinance but do we have to live at our house for a certain length of time before we can do that? We keep getting a lot of offers in the mail to refinance our house and it looks so tempting but I think it is too soon. Anyone have any suggestions or experiences to share? Tips?

Ok First...

What is your internet...

Right now Avg. 5.3 percent * depend on State* so If your internet with too high than 5.3 then go for it?

LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance

Good luck

Jacob · 03-04-2008, 07:40 PM

Rate rises are pain in the ass!!! We have been getting rate rises for the morgagatees 3 times in the last month and we just got the recent rise yesterday!

Bear · 03-04-2008, 07:46 PM

Shel,

My advice in these troubled times, is to stay where you are now. Getting a new refinanced mortgage, while it can lower your payments and interest paid.

It can also have a reverse effect. You could actually end up paying more than you are now in the long run. It could add points to your mortgage.

Right now, you can afford your mortgage, in this unstable economy, with jobs laying off, I would be very very very weary of messing with my mortgage.

Just my .02 cents.

shel90 · 03-04-2008, 07:48 PM

Quote:

Originally Posted by Bear

Shel,

My advice in these troubled times, is to stay where you are now. Getting a new refinanced mortgage, while it can lower your payments and interest paid.

It can also have a reverse effect. You could actually end up paying more than you are now in the long run. It could add points to your mortgage.

Right now, you can afford your mortgage, in this unstable economy, with jobs laying off, I would be very very very weary of messing with my mortgage.

Just my .02 cents.

Yea, that was what my gut feelings are telling me but I feel bad for my hubby having to work 2 jobs cuz of it. GRRR! I hope the economy improves soon!

Thanks!

Jacob · 03-04-2008, 07:50 PM

Blame it to President Bush -- He's the one who destroyed the economy.

shel90 · 03-04-2008, 07:53 PM

Quote:

Originally Posted by Jclarke

Blame it to President Bush -- He's the one who destroyed the economy.

I am with u on that one! He needs to go big time!

Jacob · 03-04-2008, 08:02 PM

Quote:

Originally Posted by shel90

I am with u on that one! He needs to go big time!

Lets just gather all AD'ers including myself and give him a nice big boot in the ass

Deaf Mortgage · 03-04-2008, 08:03 PM

Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs.

Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again.

Mod Edit: No advertising allowed. Contact webmaster(at)alldeaf.com if you have any questions.

Phillips · 03-04-2008, 08:08 PM

Quote:

Originally Posted by Deaf Mortgage

Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs.

Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again.

Just want say...

Awesome

shel90 · 03-04-2008, 08:09 PM

Quote:

Originally Posted by Deaf Mortgage

Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs.

Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again.

Ok Can do that. We bought the house 7 months ago. Thanks

shel90 · 03-04-2008, 08:09 PM

Quote:

Originally Posted by Jclarke

Lets just gather all AD'ers including myself and give him a nice big boot in the ass

Phillips · 03-04-2008, 08:11 PM

My friend got refinance only 3 months after bought house because her Internet was 8.3 then change to 6.3 something... save her $300.00 to 400.00

Jacob · 03-04-2008, 08:13 PM

Quote:

Originally Posted by shel90

You know that he deserves some from us, AD'ers!

Phillips · 03-04-2008, 08:15 PM

All Aders will be in Federal Jail !

LOL !!!

Jacob · 03-04-2008, 08:16 PM

Quote:

Originally Posted by Phillips

All Aders will be in Federal Jail !

LOL !!!

Doesn't matter, we all can flee to Australia! We welcome all AD'ers to our beautiful island

Phillips · 03-04-2008, 08:18 PM

Quote:

Originally Posted by Jclarke

Doesn't matter, we all can flee to Australia! We welcome all AD'ers to our beautiful island

Yayayay... I guess... you need find a bigger apartment so we can live with you

shel90 · 03-04-2008, 08:19 PM

Quote:

Originally Posted by Phillips

My friend got refinance only 3 months after bought house because her Internet was 8.3 then change to 6.3 something... save her $300.00 to 400.00

If we can reduce our mortgage by 300 to 400 a month, my husband can quit his 2nd job! That would be so great!

Jacob · 03-04-2008, 08:20 PM

Quote:

Originally Posted by Phillips

Yayayay... I guess... you need find a bigger apartment so we can live with you

......Nice try

Phillips · 03-04-2008, 08:21 PM

Quote:

Originally Posted by shel90

If we can reduce our mortgage by 300 to 400 a month, my husband can quit his 2nd job! That would be so great!

Good luck

If Your husband can quit his 2nd job.. then he will spend more time with you at your bedroom

J|K

shel90 · 03-04-2008, 08:24 PM

Quote:

Originally Posted by Phillips

Good luck

If Your husband can quit his 2nd job.. then he will spend more time with you at your bedroom

J|K

Nah..he can help me with the household chores!!! I am tired of picking up the dog poop, doing laundry, taking care of kids, dinner, food shopping, mowing the grass, fixing the house, and all that all by myself!!! LOL! Then I can have more energy for some fun in the room. Hahahaha!

Secretblend · 03-04-2008, 08:43 PM

Quote:

Originally Posted by Jclarke

Lets just gather all AD'ers including myself and give him a nice big boot in the ass

That won't include me.

Jacob · 03-04-2008, 08:47 PM

Quote:

Originally Posted by Secretblend

That won't include me.

Travis, how come? (Got a good reason, not to?)

Secretblend · 03-04-2008, 08:51 PM

Quote:

Originally Posted by Jclarke

Travis, how come? (Got a good reason, not to?)

I think he done a great job with what he knew and did his best. It is not president's fault what economy does, it just goes in cycles and it involves everybody. It mostly rests on people and companies. If you really want to blame someone, a good one would be thoes that gave out loans that people really cannot afford.

Deaf Mortgage · 03-04-2008, 10:02 PM

Quote:

Originally Posted by Secretblend

I think he done a great job with what he knew and did his best. It is not president's fault what economy does, it just goes in cycles and it involves everybody. It mostly rests on people and companies. If you really want to blame someone, a good one would be thoes that gave out loans that people really cannot afford.

Blame bad evil Brokers!!! Brokers have broke the law when they give out loans to the clients that they knew cannot afford the loan... its a law. Recently passed in many states. If you got a bad loan after Aug 1st 2007... then you can check with your lawyer to see if it true. Very hard to beat that challenge nowaday.

And my father is a retired CEO banker of Bank of America and Citibanker. He is currently 68 years old and mentioned that economy recession has happened 4 time in his life time regardless of what president republican or democrat ran in office.

03-04-2008, 07:17 PM	#1 (permalink)
shel90 Sun Whorshipper Join Date: Sep 2006 Location: A Desert Rat that has found herself in Maryland Posts: 14,991 Blog Entries: 1	Refinancing? Our house mortgage is so high and we would like to refinance but do we have to live at our house for a certain length of time before we can do that? We keep getting a lot of offers in the mail to refinance our house and it looks so tempting but I think it is too soon. Anyone have any suggestions or experiences to share? Tips? __________________ ~Shel~

03-04-2008, 07:40 PM	#3 (permalink)
Jacob The Joker's back! Join Date: Nov 2006 Location: Making out in the broom closet Posts: 12,651 Blog Entries: 3	Rate rises are pain in the ass!!! We have been getting rate rises for the morgagatees 3 times in the last month and we just got the recent rise yesterday! __________________ The Joker: Harvey, Harvey, Harvey Dent. Ohh, excuse me, I want to drive! [gets behind the wheel of a semi truck]

03-04-2008, 07:46 PM	#4 (permalink)
Bear Out Of Hibernation Join Date: Apr 2007 Location: Ohio Posts: 1,026	Shel, My advice in these troubled times, is to stay where you are now. Getting a new refinanced mortgage, while it can lower your payments and interest paid. It can also have a reverse effect. You could actually end up paying more than you are now in the long run. It could add points to your mortgage. Right now, you can afford your mortgage, in this unstable economy, with jobs laying off, I would be very very very weary of messing with my mortgage. Just my .02 cents. __________________ http://bears-city.myminicity.com/

03-04-2008, 07:50 PM	#6 (permalink)
Jacob The Joker's back! Join Date: Nov 2006 Location: Making out in the broom closet Posts: 12,651 Blog Entries: 3	Blame it to President Bush -- He's the one who destroyed the economy. __________________ The Joker: Harvey, Harvey, Harvey Dent. Ohh, excuse me, I want to drive! [gets behind the wheel of a semi truck]

03-04-2008, 08:11 PM	#13 (permalink)
Phillips Lets ride horses! Join Date: Aug 2006 Location: Somewhere in Northeast Posts: 6,806 Blog Entries: 3	My friend got refinance only 3 months after bought house because her Internet was 8.3 then change to 6.3 something... save her $300.00 to 400.00 __________________ *Enjoy life today, Yesterday has past and Tomorrow may never come.*

Today
Deafness	Sponsored Links __________________ This advertising will not be shown in this way to registered members. Register your free account today and become a member on AllDeaf.com

03-04-2008, 08:03 PM	#9 (permalink)
Deaf Mortgage ASL Mortgage Banker Join Date: Jun 2007 Location: Minneapolis, MN Posts: 850 Blog Entries: 1	Interest Rates follows U.S. 10 years bonds. If the 10 years bonds goes down, the interest rates goes downs. Right now if you check the 10 years bonds on the stocks, you will notice it has gone done since Thursday. Good chance to take opportunity to refinance. Who knows when will it go up again. Mod Edit: No advertising allowed. Contact webmaster(at)alldeaf.com if you have any questions.

03-04-2008, 08:15 PM	#15 (permalink)
Phillips Lets ride horses! Join Date: Aug 2006 Location: Somewhere in Northeast Posts: 6,806 Blog Entries: 3	All Aders will be in Federal Jail ! LOL !!! __________________ *Enjoy life today, Yesterday has past and Tomorrow may never come.*