Refinance mortgage

Discussion in 'UPS Union Issues' started by MenInBrown, Jan 1, 2015.

  1. MenInBrown

    MenInBrown Active Member

    any place specialize in refinancing mortgages for Union members?
     
  2. Mike hunt

    Mike hunt Guest

    You could try your local teamster credit union but I'd shop for the best rate period. Money is money.
     
  3. silenze

    silenze Lunch is the best part of the day

    Credit unions are usually the best place to start. Try to get a mortgage with low or no closing costs. Then refinance again if rates drop.
     
  4. Chemo

    Chemo Member

    Try C.U. Members mortgage. It's a division/subsidiary of Colonial Savings
     
  5. brown bomber

    brown bomber brown bomber

    My 1st mortgage was 11%,..refinanced to 7 3/4 %,..if only I was 30 yrs. younger with today's rates,..probably could have bought 2X the current house I have,..I'm quite happy however, haven't had a payment for many yrs.
     
  6. Packmule

    Packmule Well-Known Member

    I Hear you on this. Rates were rediculous when I was a young man starting out. Stayed bad for a decade!
     
  7. worldwide

    worldwide Active Member

  8. upsbeernut

    upsbeernut Sometimes I feel like a nut, sometimes i dont.

    Clark Howard said dont refinance unless you go down at least 3 %, just saying.
     
  9. Just depends on so many factors. How good Is your credit? how much do you owe? How much Is it going to cost you to refinance?
     
  10. upsbeernut

    upsbeernut Sometimes I feel like a nut, sometimes i dont.

    If your young and can afford a higher payment,15 year is the way to go even if its not your last house.
     
  11. When I bought my house I took out a 15 year. The payment wasnt a whole lot more than the 30. The interest I saved,was more than the cost of the house.
     
  12. upsbeernut

    upsbeernut Sometimes I feel like a nut, sometimes i dont.

    See, it worked out , now you have a sh load of equity.
     
  13. 100% equity. I paid It off in 10 years.
     
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  14. upsbeernut

    upsbeernut Sometimes I feel like a nut, sometimes i dont.

    Just paying the taxes, your a good planner. I'll send you my porfolio so you can analyze what i should do.
     
  15. It was part of my plan. Get the house paid off before the college ones started.
     
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  16. brownmonster

    brownmonster Man of Great Wisdom

    I took out a 15 year loan in 1993. Still have 3 years left. WTF?
     
  17. One of my co workers bought his house,35years ago. Still has 10 years left on his mortgage. Owes more on It,than the original sale price.

    He wonders why he cant afford to retire?
     
  18. brownmonster

    brownmonster Man of Great Wisdom

    I'll write the check and pay it off one of these days. Just not feeling it yet.