Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Refi stress
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="gcvmom" data-source="post: 369689" data-attributes="member: 3444"><p>It's a fixed rate loan, and although it bumps our payment up about $90 a month, we will save a boatload over the life of the loan and pay it off a lot earlier. And at our current rate, even if I added the extra $90 to the principle now, we still would not come out as good as we do by refinancing at this lower rate (which now looks to be about 2% less than what we pay now). The up front fees/points won't deplete our savings, thankfully, so I think this is going to be a good thing in the long run. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="gcvmom, post: 369689, member: 3444"] It's a fixed rate loan, and although it bumps our payment up about $90 a month, we will save a boatload over the life of the loan and pay it off a lot earlier. And at our current rate, even if I added the extra $90 to the principle now, we still would not come out as good as we do by refinancing at this lower rate (which now looks to be about 2% less than what we pay now). The up front fees/points won't deplete our savings, thankfully, so I think this is going to be a good thing in the long run. :) [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Refi stress
Top