Just Refinanced....Very Nice.

StraitShooter · 09-01-10, 01:41 PM

good deal neal..how much you owe 250k?..whats it worth a hunny k

sundin4prez · 09-01-10, 01:42 PM

parents recently did that....they had 5% on there last mortgage now there locked in for 5 years at 2.2%, lots of savings there...

StraitShooter · 09-01-10, 01:45 PM

yea one of the few bright spots of recession along with prop taxs dropping

ngates815 · 09-01-10, 01:46 PM

Originally posted by StraitShooter

good deal neal..how much you owe 250k?..whats it worth a hunny k

Hahaha...F off

I owe 162 on a 225K house. But yes not worth nearly as much as I paid for it. Though it did appraise when I first closed on the house at 20K more...I won't say how much it's worth now, but it brings tears to my eyes. I was hoping to get the F outta here after 4 years, but I won't take a hit on the house. Guess it's just time to buy a summer home on the lake.

ngates815 · 09-01-10, 01:47 PM

So at least I can get 1 thing positive from this shitty housing...My house may of dropped 50K in price, but at least I saved that 185 a month. Fvck me.

TONY MONTANA · 09-01-10, 01:50 PM

ME TOO....GOOD TIME TO REFINANCE...

pavyracer · 09-01-10, 01:50 PM

When you refinance don't you lose the years you already paid for the mortgage? So how are you actually saving money?

ngates815 · 09-01-10, 01:52 PM

Originally posted by pavyracer

When you refinance don't you lose the years you already paid for the mortgage? So how are you actually saving money?

I believe it's that way if you refinance within a year of owning the house...or something of that nature.

StraitShooter · 09-01-10, 01:54 PM

like I said the fact everyone`s house is worth less has its pros too..

bottom line is you own a house and it is yours and God willing you have good health aint no MFer can take it from you as long as you pay your taxes and mortgage and insurance if applicable..

last year in Miami Dade county 60,000 homeowners lost their houses because of failure to pay home owners taxes on property alone and lost em to tax lein sharks

look in the mirror and say-I am a homeowner in XXXX County and be proud of it..I always took owning a home for granted and when confronted with 15 k in back property taxes this year I nearly lost it..I scrapped it up and will never fall behind like that again..I am a home owner in miami dade county and proud of it!

I bs with my taxes and when I went to pay them they wanted every red cent up front or they woulda auctioned my house away..June was a testing time for me that I am still trying to recover from

now I gotta get a hold of da skunk punk and watch me some tennis

stevek173 · 09-01-10, 01:57 PM

Nice. At What rate. I'm in the industry. Closing people at 3.75% on a 15 and 4.25% on a 30 both fixed.

TONY MONTANA · 09-01-10, 02:01 PM

I just got 3.75 at 15....but a buddy bid his out online and got something like 3.35.

stevek173 · 09-01-10, 02:02 PM

Originally posted by TONY MONTANA

I just got 3.75 at 15....but a buddy bid his out online and got something like 3.35.

I would bet money that anythng below 3.5% was bought down by "Discount Points" which come out of the customer's pocket.

ngates815 · 09-01-10, 02:09 PM

Originally posted by stevek173

I would bet money that anythng below 3.5% was bought down by "Discount Points" which come out of the customer's pocket.

Yep...When I talked to the people they said the online price is with buying a point. which are about 1600 bucks normally.

jjgold · 09-01-10, 02:10 PM

Gates I know why you did this. You are not fooling me.

If you owed let's say 250,000 you took 275, 000 so you have $25,000 to gamble .

We all do this Gater.

Gater good luck with the $25k, I bet your the happiest guy alive.

ngates815 · 09-01-10, 02:13 PM

Originally posted by jjgold

Gates I know why you did this. You are not fooling me.

If you owed let's say 250,000 you took 275, 000 so you have $25,000 to gamble .

We all do this Gater.

Gater good luck with the $25k, I bet your the happiest guy alive.

Your mother along with fightingwarriors should call my girlfriend. She could tell them how to swallow instead of taking the load in the vaginal cavity, so they don't reproduce any more dumbasses.

TONY MONTANA · 09-01-10, 02:17 PM

Originally posted by stevek173

I would bet money that anythng below 3.5% was bought down by "Discount Points" which come out of the customer's pocket.

yeah i figured it was something like that...

stevek173 · 09-01-10, 02:56 PM

3.75% and 1% Origination or 3.875% and no Origination is where we are at right now.

We make another point form the lender for doing the loan, so either way we make our 2 points.

I win most rate battles, only ones I lose are say someone who is with a local bank now and stays with them and just has things restructured. They take forever to do them but the locals will do it for pretty much nothing.