Comments on: WE REFINANCED OUR MORTGAGE!!!

By: J. Money

J. Money — Mon, 15 Aug 2011 01:44:28 +0000

NICE!!! That is awesome to be able to pay off your mortgage so soon – congrats :)

By: lana

lana — Sun, 14 Aug 2011 20:40:40 +0000

Good to see you got a conventional loan. The past two times I’ve refinanced have been 100% free! I had called Wells Fargo, and never got a call back. Then one day they called me and asked if I would like to refinance and they would pick up the tab.

I had always heard that if you refinance, it should be for at least 2% less. So that it can pay for itself in the long run.

We hope to pay off our house next year. I’m still 20 years away from retirement. So we can sock away some cash, hopefully without having a mortgage.

By: J. Money

J. Money — Fri, 20 May 2011 02:28:48 +0000

Yikes! Sorry about that – Adsense throws up some rando’s sometimes :) I try and nix the horrible ones but then new ones pop up! haha… usually they’re decent though.

RE: Refinancing – that’s GREAT!! I just read about someone else’s mortgage in Canada and was blown away at the terms – so good! Y’all are smart too not having interest-only and the rest of our cazy concoctions ;) I actually didn’t mind ours at first, but over the last two years it started irking me. But not anymore!!! Yay!!!

Good luck on your refi – and congrats to you too! :)

By: Andrea

Andrea — Thu, 19 May 2011 03:26:54 +0000

by the way some of those ads popping up on the top right are… errr. I got a fake Facebook type ad with a girl ‘want to meet me’ accept or ignore. Kinda tacky but I’m guessing you don’t quite control the contents of every ad.

By: Andrea

Andrea — Thu, 19 May 2011 03:24:02 +0000

Dude you must be thrilled… also pretty nerve wracking though right? I’m refi’ing this week and reading your post makes me realize how fortunate I am in Canada where things have been a bit more regulated. A 30year interest ONLY mortgage? Man, I’m so baffled at that idea I don’t even know what to say… you know, I now they exist and I’ve read about them but to really read a personal story. Crazy.

I’m refi’ing from 5.35% to 4.something, no penalties, funny thing is that as i was about to call my branch to make an appointment to talk things through, they also asked me ‘Hey have we talked about your mortgage with you lately?’ pretty sweet, I’m waiting on the final paperwork, hopefully get the call tomorrow. saaaweet! Congrats again.

By: J. Money

J. Money — Wed, 18 May 2011 19:34:54 +0000

Thanks Ash!

By: Ash

Ash — Wed, 18 May 2011 19:19:39 +0000

Congrats, J$! I’m happy for you.

By: J. Money

J. Money — Wed, 18 May 2011 00:37:13 +0000

@Penny Frugalista – Yeahhh, having a down payment def. helps out! I did get a cple G’s knocked off the closing costs, but not everything I’m afraid. Just still shocked it all worked out in the end!
@Crystal – Dang girl!!! 15 years??? You are killing it!! Very very impressive – going over now to read :) Congrats!

By: Crystal

Crystal — Tue, 17 May 2011 18:54:13 +0000

Chase did this for us too!!! I had just given up and then we got a package saying that Chase was offering to refinance our 15 year 5.375% mortgage to a 15 year 4.5% mortgage with NO CLOSING COSTS! Woot! Here was my post: http://www.budgetinginthefunstuff.com/mortgage-refinancing-our-personal-story/

Congrats!

By: Penny Frugalista

Penny Frugalista — Tue, 17 May 2011 16:54:39 +0000

Definite improvement with the refi. Congrats! I’m with Joe Taxpayer — I wish Chase had skipped the closing costs (especially since your original mortgage was through them), and I agree on holding off on paying extra and padding your ‘oh shit’ fund instead.

We got a sweet 5% interest rate on our 30-year mortgage two years ago, but we also did a 20% down payment.