Quote:
Originally Posted by Hawkeye
Zero cost as in no out of pocket? Or are you saying they didn't charge a single closing fee somehow?
$600k principal loan, and you got 2.99%? What terms? I feel like you left out a ton of information.
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The broker picks up the cost or the loan rate is a little higher.
Quote:
Originally Posted by WeryPert1
Yessir! Extra principal payment every month, and yes it makes a huge difference.
We just re-fi'd yesterday, 15-year at 2.625%. I could have afforded a 10-year loan, it was tempting, but ultimately we decided to stick with the 15-year and make extra principal payments each month to pay it off in 10-years, anyway. The numbers work out virtually the same as long as you make that extra payment each month and this way I have peace-of-mind knowing that if I'm suddenly out of a job I am not stuck with the higher 10-year payment.
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That's an AMAZING rate. Who was that through?
I'd refi again for that rate!
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