Austin Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
s/o mortgage refinancing
With all the financial posts lately, I thought I would ask this. If you are looking to refinance, or have refinanced, how much lower of an interest rate would make it worth the while to refinance?
I would think .5% or so wouldn't really make that big of an impact so wouldn't be worth it. But, how about 1.5%? or 3%? etc... I know there are many other factors involved (how long you've been in your house, equity, cash upfront,etc) but I know that the interest rate is the driving factor.
Re: s/o mortgage refinancing
I don't think .5 would make a difference for us however the 1.5 or 3% would make a huge difference for most people if they plan on staying in their house for even a few years.
We're hoping to put our house on the market next spring/summer so for us refinancing isn't a good option since we'd never make up the cost.
I want a new house now. We have no storage space and I'm sick of it. Defiantly made a lot of mistakes being first time home buyers.
Rarely Updated Blog
Thanks ladies! What you are saying is pretty much inline what I was thinking.
I guess its just time to sit down and figure out what we really want to do since we are looking at possibly a 1.5% difference
Married and it feels so good!
exactly. i've looked into refinancing several times because although our monthly payment is low ($521 a month), our interest rate is high (7.75%). but since we don't know how much longer we're going to be staying in this house (hopefully less than 5 years), refinancing doesn't make much sense unless we're going to be here for a long time. because it's going to take quite a while before we'd start seeing that savings after factoring in the blankity blank fees.
if it weren't for the fees, we'd have refinanced a long time ago.
since your payment is so low, even if you were able to refi for a much lower rate, it probably won't bring it down significantly. we could refi our TX house but it probably wouldn't be worth it, much like your situation. what I want to do is refi our $$$ CA house but we can't on an investment property.
that would save us a few hundred bucks a month, although we probably wouldn't even qualify for a new loan anyway. 