Mortgage refinancing - Tilted Forum Project Discussion Community

Spanky Johnson · 07-01-2003, 06:42 PM

We are taking advantage of the low interest rates and refinancing our house...we went from a 30-year 7.0% fixed rate to a 15-year 4.5% fixed, with virtually no change in the monthly payment. If my wife's calculations are correct (and I think they are), we will save over $100,000 in interest over the life of the loan. If you've been putting off refinancing, get to the bank NOW!

Has anyone else refinanced lately?

clockworkgreen · 07-01-2003, 07:58 PM

Didn't refinance, but financed for the first time. Scared to friggin death about this mortgage business....it's my first.

07-01-2003, 06:42 PM	#1 (permalink)
Spanky Johnson Insane	Mortgage refinancing We are taking advantage of the low interest rates and refinancing our house...we went from a 30-year 7.0% fixed rate to a 15-year 4.5% fixed, with virtually no change in the monthly payment. If my wife's calculations are correct (and I think they are), we will save over $100,000 in interest over the life of the loan. If you've been putting off refinancing, get to the bank NOW! Has anyone else refinanced lately?

07-01-2003, 07:58 PM	#2 (permalink)
clockworkgreen Psycho Location: DC	Didn't refinance, but financed for the first time. Scared to friggin death about this mortgage business....it's my first.