Going to Refinance at 3.375%

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    Author Topic: Going to Refinance at 3.375%  (Read 866 times)

    Offline challengermaniac

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    Going to Refinance at 3.375%
    « on: February 16, 2012 - 06:45:05 PM »
    Hey guys, just got approved and set up a closing date to refinance my mortgage to a 15 year at 3.375% fixed.  Have not dealt with them in the past, but QuickenLoans made it all very easy and because it was an equity refi with no cash back, they approved the loan even though I show high debt to income ratios on paper (excellent credit though).  I highly recommend them.

    I don't work for or have any investment interest in them.
    « Last Edit: February 16, 2012 - 06:46:42 PM by challengermaniac »
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    Charlie
    70 Challenger 340/4 Purple
    70 Challenger T/A Red
    Edmonds, WA


    Offline cuda

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    • 1970 340 Cuda, pistol grip 4 speed,3:91 sure grip
    Re: Going to Refinance at 3.375%
    « Reply #1 on: February 16, 2012 - 08:57:25 PM »
    Sounds like a good competitive rate to me.  :money:
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    Offline LAA66

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    Re: Going to Refinance at 3.375%
    « Reply #2 on: February 16, 2012 - 10:00:51 PM »
     Great rate. Sometimes when people refi it changes to a recourse type loan. Not sure in an "equity only" as in your case though. Might be worth checking.  :2cents:
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    Offline Rare_T_A

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    Re: Going to Refinance at 3.375%
    « Reply #3 on: February 19, 2012 - 01:33:27 PM »
    We just locked in at 3.25 on friday on a 10 year refinance. the rates are crazy right now.
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    '09 Challenger R/T  5.7 HEMI Auto
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    Offline RB2929

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    Re: Going to Refinance at 3.375%
    « Reply #4 on: February 19, 2012 - 05:14:43 PM »
    I’m doing the same thing right now through Quicken.  Going from a 6.5% to 3.5% (roughly 3.5%) ten-year loan.  I have teen years left on my present home loan.  So, called quicken and asked about refinancing with extra cash to cover a couple of bills.  They had no issues with consolidating my bills, and approved the loan.  I’m asking for about 50% of the home’s value (per their appraiser). 

    Bottom line, my ten-year mortgage payment went up about $200, but my overall monthly expense went down $300.  I hope all the paperwork is completed by next weekend.  We started this process about three weeks ago.

    P.S. - Glad to see other people doing the same.  When it comes to my house, I get rather nervious.
    If you have any questions, please feel free to ask on the board or send a PM
    Ron
    « Last Edit: February 19, 2012 - 05:16:29 PM by RB2929 »
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