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.

congrats any points

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.

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

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

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

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.

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?

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.

That extra $200 will take off about 12.3 years.

 

LINK

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.

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....

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

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.

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

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