MTG Refi Questions

[Gtracer]

Anyone here on the board do refinancing of 1st lien mortgages? I have a few questions and have searched. Ultimately, I figure it is best to speak with someone regarding my needs and what not. Just don’t know where to start at this point.

Anyways, if someone knows a 'guy' pm me or post up the info and it will be much appreciated, thanks?

-Chris

[racrguy]

I think the board mortgage guy is svtlurch, you might send him a pm.

[01vnms4v]

Go to a credit union. I'm not in Dallas, but I got mine at 2.9% for 15yrs on my refi a few yrs ago.

[SVT Lurch]

I do. What questions do you have?

[SMKR]

I do. What questions do you have?

This guy is the forum guru

[TX_92_Notch]

I understand board loyalty, kinda, but I vote for a credit union if you can. I refinanced my house, truck and lakehouse through my credit union from work and saved a ton of money. Part of the house savings were the already insanely low interest rates, but my credit union was a better deal than the other places I shopped for the refi.

[95DRGT]

80/20note 8yrs in, large note at 5.25, small note 8.25 not a lot of cash flow for closing- goal reduce monthly a bit and reduce term

[kingjason]

I understand board loyalty, kinda, but I vote for a credit union if you can. I refinanced my house, truck and lakehouse through my credit union from work and saved a ton of money. Part of the house savings were the already insanely low interest rates, but my credit union was a better deal than the other places I shopped for the refi.

SVT beat my credit union and was way less hassle.

[threefortytwo]

Letdown. I was offchance hoping this was thread about magic the gathering.

[trailerparksuperstar]

Letdown. I was offchance hoping this was thread about magic the gathering.

Do people still play that?
I've got boxes of cards you can have (circa 1994-1998)

[Gtracer]

SVT beat my credit union and was way less hassle.

PM Sent!!

[01vnms4v]

SVT beat my credit union and was way less hassle.

Did he beat 2.9% for 15yrs

Pm me response if you want

[SVT Lurch]

80/20note 8yrs in, large note at 5.25, small note 8.25 not a lot of cash flow for closing- goal reduce monthly a bit and reduce term

8 years in ou should have enough equity to roll the costs into the loan to minimize out of pocket. If you have good credit (740+ FICO) the conventional MI is cheap enough that your monthly savings should be pretty good.0

SVT beat my credit union and was way less hassle.

Thanks Jason!

PM Sent!!

Returned.

Did he beat 2.9% for 15yrs

Pm me response if you want

I won't comment on his specifics, but I just quoted someone 2.875% with no points on a 15 year fixed conventional loan.

[kingjason]

Did he beat 2.9% for 15yrs

Pm me response if you want

I went thirty and my rate was smokin. I don't quote my rate because they vary so much day to day that he may not be able to get the next guy that. I just know it was lower then my CU and as low as anyone could get at the time. Plus I needed a pre qual letter fast and holy shit he got that done. CU was going to make me wait a few days and my credit is fantastic so screw em.

[01vnms4v]

^^^ congrats on the refi!

I won't comment on his specifics, but I just quoted someone 2.875% with no points on a 15 year fixed conventional loan.

Still good like mine. But, I did do mine last year, with no points buy down as well.