PDA

View Full Version : Home and Auto Good time to refi


cookster50
07-01-2010, 10:29 AM
Rates are really low. I forget who our planet mortgage guy is(Lundberg?), send me a PM, I am considering a refi.

Bowser
07-01-2010, 10:43 AM
I wouldn't mind doing it, but I want to GTFO of this neighborhood sooner rather than later.

doomy3
07-01-2010, 10:49 AM
If you're going to be in your home for 5 years or less, be sure to ask about an FHA 5/1 ARM. This will lock in a REALLY low rate (think 3.5% in some cases) for 5 years, and then can adjust 1% on the 6th year and so on. I've seen some unbelievable loans lately (3.15% 5 year lock, etc.)

If there isn't someone on here you want to use, shoot me a PM and I can have the mortgage guy I work with on a ton of loans give you a call.

cookster50
07-01-2010, 01:41 PM
I wouldn't mind doing it, but I want to GTFO of this neighborhood sooner rather than later.

I'm in the same boat, just don't think it'll happen anytime soon unless I wanted out with no equity.

Bill Lundberg
07-01-2010, 01:47 PM
http://finance.yahoo.com/news/Mortgage-rates-drop-to-apf-3862190668.html?x=0&sec=topStories&pos=6&asset=&ccode=