| SeaRay Jim |
01-08-2003 07:37 PM |
We locked then just closed on 12/31 just in time for rates to slip again. 5.125% 7/23 balloon still isn't too bad. Of course you folks in states that let you do things like cash out(without getting buried) and > 80% finance have it lucky! You can get pretty creative.
By the way, we refied the boat too. Our bank is doing a 6.5% rate (6.25% on >$50k) and a $100 refi fee which they never collected. Wasn't a huge savings but a savings from almost 8% none-the-less. Suntrust is the bank. However, most of you would have to under prop big time to "technically" be eligible. :D Check the fine print..... |
