Refinanced House: Damn Happy!
 

I just made my first new payment. I refinanced my house that I bought about 22 months ago. It went up about 35% in value duing that time, and now my payment is 19.5% lower than it was before. Pretty damn happy about that.

:D :D :D :D :D :D :D

Anyone else do this with good results?

Cool so now what we doing with the boat :D:D Good deal bro you must be pumped. Now pay off the house faster and you will be all the better living free :D:D

Jon

Whens the next party at the 'ol Casa De Norty??? We need to do that again SOON!! Somemore BBQ...Lets get some Lobster this time....Oh, sorry, I mean, congrats on the new re-finance...Now take all that extra cash you're saving and plan the party!!!:D :D

dropped my interest rate almost 2.5%, had 26 years to go, now have a 15 year loan, payment the same!!!!!:) :) :) :) :) :) :) :) :)

Lobster I can bring them little faulkers. You know real live Maine lobsters!!! The ones that bite!!!! :D:D

Jon

BRING EM!!!!:D :D
Fly them out here with you

Great news. I'm doing the same but it's a interst only, fixed for 5 years for < 4%. Went from $1300 to $700. Now looking for a bigger house and use this one as a rental

I just closed on my re-finance today. It went great, from a 30yr to a 15 yr that's at a .875% point lower, and my payment went down $75. I've been in the house 5 yrs and paid 2-300 per mth extra every month, and I always have thrown my tax returns at the principal. Now IF I continue to do that same payment (that's a big IF) I should be all done paying for it in 6 or 7 years. Well, at least that's the theory, screw the write off's, I'll just get a big cat!

Just by making bi-weekly payments you can shave several years off your mortgage. Depending on principal and interest rate, if your payment was $1000 a month dollars for 30 years and you paid $500 every 2 weeks you would have it paid off in approximately 22 years.

advantage rob

thats correct , which would you rather have, no mortgage payments or an interest write off?

No mortgage payments.....

PhantomChaos....now you can purchase a 3rd boat..:)

I just got done with mine about a month ago. I was at 15 years anyway in the loan. My payment went up 260 bucks, but I paid off the truck, and boat. So now I save 550 bucks each month. Not too bad. And I can now write off the interest on the truck too. That thing was costing me as much as my house.

What are you guys paying in interest. I got 5 3/8. Thats alot better than the 7 1/4 I had before. I looked back the paper work on the boat and I was paying 9 1/8. Geez. Young and stupid.

Did our investment property about a week ago. Owned it for 3 yrs and apprasied at 70k more than we owed, got $$ out and stayed below 80% so no pmi...oh yah and we aren't payin for it :D Gonna take the $$ and buy another.

Closed on our primary(that's what they called it)yesterday have owned it since Dec. and it appraised for 40k more than we payed. Didn't pull any $$ out and dropped the intrest rate and got out of pmi!!

Nows the time to do it, rates are only gonna go up from here!!