Houston 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.

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.

Refinancing?

Was it Pagas that had a contact for a broker she used for mortgage/refinancing? I can't remember. Can anyone help me find that post or rec where to start the process?

A little background in case someone else understands all this better than I do... we bought our house 3 years ago, put 20% down, but we have an interest rate over 6% and I think we really need to refinance now.

TIA!

image Glacier Hiking in Alaska, Summer 2011

Re: Refinancing?

  • we went through our bank because of my husband's business relationships there.  i think bpaullo has a guy she uses a lot for her clients and people here have used.

     

    i'd definitely look into refinancing.  we refinanced after less than two years and our starting rate was lower than yours... i think you'll save enough money refinancing to justify the closing costs.  

    Baby Birthday Ticker Ticker Pregnancy Ticker
  • We have been in our house just over 4 years and we are refinancing right now. We are using Ahmad Steele.

    http://www.nextdayapproval.com/

     

    Dx: PCOS and short luteal phase
    18 cycles (3 with our RE) - Metformin + Clomid + HCG booster did the trick!
    BFP #1 6/22/09 EDD: 3/2/10 DS born: 3/8/10

    TTC #2 since Dec 2011
    BFP #2 7/8/12 EDD: 3/18/12 M/C @ 9w1d: 8/16/12

  • I'd definitely look into it.  We re-financed less than a year after we bought.  It was definitely worth it to us in the end!
    Lilypie Angel and Memorial tickers
  • thanks everyone, this info is fantastic.
    image Glacier Hiking in Alaska, Summer 2011
  • We refinanced 6 months after we bought.  The rate hit a low we couldn't pass up.  We have a 15 year for 3.75%.  I had lunch with Doug yesterday.  He said that 15 year is at about 3.6% and the 30 year has been changing daily, but it's been anywhere from 4.125 - 4.875%.  I'm seeing a lot of 4.5 and 4.6% rates on convential loans.  FHA is a little lower rate, but he MI off sets that making the conv actually cheaper.
  • I would go for it.  We bought in 05 and had a 30 year at 6.125% We refinanced in January and now have a 15 year at 3.875% and our payments aren't any higher.
    image
    You have the right to remain silent. Anything you say will be misquoted and used against you. My Blog
  • Random butt in question here... can refinancing be done if the property if appraised for less than the mortgage amount?
    imageBaby Birthday Ticker Ticker
Sign In or Register to comment.
Choose Another Board
Search Boards