M
MenInBrown
Guest
any place specialize in refinancing mortgages for Union members?
M
Mike hunt
Guest
You could try your local teamster credit union but I'd shop for the best rate period. Money is money.
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.
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!
worldwide
Well-Known Member
upsbeernut
Sometimes i feel like a nut sometimes i dont
Clark Howard said dont refinance unless you go down at least 3 %, just saying.
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?
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.
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.
upsbeernut
Sometimes i feel like a nut sometimes i dont
See, it worked out , now you have a sh load of equity.
100% equity. I paid It off in 10 years.
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.
It was part of my plan. Get the house paid off before the college ones started.
brownmonster
Man of Great Wisdom
I took out a 15 year loan in 1993. Still have 3 years left. WTF?
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?
brownmonster
Man of Great Wisdom
I'll write the check and pay it off one of these days. Just not feeling it yet.
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