Mortgage refinance

[Gorilla800lbs 12]

I have no idea whether this kind of stuff goes here, but I just locked a killa 3.00% / 15yr fixed refinance rate with IMG, based out of Lakewood, NJ.

[mike 14]

congrats any points

[Gorilla800lbs 12]

No points. No lender fees. The only closing fees are those that the independent appraiser, the flood surveyer, the title company (RACKET), and the gub'mint collect. Altogether about $2,900 due.

[dino71 7]

Was your credit perfect? or did it have any dings in it?

[Gorilla800lbs 12]

My three-agency-average was 779 and my wife's 746. They want 740 and above for 3.0%.

[mike 14]

you did excellent just re-fied in december 3.5 15 year .and if you want take 1/12 of your monthly payment.and add it too your principle,you will pay off your mortgage in 13.5 years

[4redz 2]

i always debate (mostly with myself) about adding $$ to pay off a great rate mortgage early, or keeping the historically cheap money for as long as I can.

[charleslee 44]

I just bought a townhouse last yr., 4.5% 30 yr. fixed (of course).$111.5K. I'm 54 this yr. so I'll probably croak before paying it off. I'll probably also never be able to retire. I still don't know if it was a colossal F-UP or not. Also, I send in an additional $200.00/mo. principal. Your thoughts?

[charleslee 44]

Also, I tried to refinance this yr. for an even lower rate but was told it was too early, wouldn't be feasible, pts., wouldn't be something. Don't remember all said but a no go.

[PK90 3,570]

That extra $200 will take off about 12.3 years.

 

LINK

[this_is_nascar 162]

Trust me, whenever you can send extra $$$ for the mortgage principal, do it. Do it every time you can. Also, send money to your mortgage company every two-weeks, as opposed to once a month. It will make a huge difference.

[BD104X 1]

Don't mean to hijack this thread, but anybody recommend a good home inspector in the Freehold / Howell area? I'm in attny review on a home in Howell now....

[simmons 1]

My bank lets me pay my mortgage weekly. If you can I recomend this. More of your payment goes towards principal this way.

[this_is_nascar 162]

My bank lets me pay my mortgage weekly. If you can I recomend this. More of your payment goes towards principal this way.

 

 

Absolutely, that's even better. I can't stress enough how beneficial it will be to you to sink every extra penny you can into your principal.

[BarkNBite 15]

Try the Money Store in Florham Park............rates a rediculously low now.

[TheLugNutZ 21]

Don't mean to hijack this thread, but anybody recommend a good home inspector in the Freehold / Howell area? I'm in attny review on a home in Howell now....

 

Im actually under contract on a home in howell as well. PM me