Author Topic: Refinancing mortgage for a lower rate  (Read 1554 times)

Offline helpusout

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Refinancing mortgage for a lower rate
« on: December 06, 2016, 06:02:48 PM »
Hi, I am looking to refinance a home mortgage for a lower rate. I am currently paying 4.5%, the mortgage is less than 50% of the home value, and we BH have good credit and income to support. I'm looking for an easy to deal with bank.
Thanks!

Offline BarryLincoln

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Re: Refinancing mortgage for a lower rate
« Reply #1 on: December 06, 2016, 06:22:47 PM »
Rates have jumped in the last month since the election, up in some cases 50-75 basis points.  I would look for a good mortgage banker that can shop around for you...

Offline elit

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Re: Refinancing mortgage for a lower rate
« Reply #2 on: December 06, 2016, 06:37:31 PM »
Hi, I am looking to refinance a home mortgage for a lower rate. I am currently paying 4.5%, the mortgage is less than 50% of the home value, and we BH have good credit and income to support. I'm looking for an easy to deal with bank.
Thanks!
Think you're a few weeks too late

Offline rileywiles23

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Re: Refinancing mortgage for a lower rate
« Reply #3 on: December 06, 2016, 08:13:37 PM »
Hi, I am looking to refinance a home mortgage for a lower rate. I am currently paying 4.5%, the mortgage is less than 50% of the home value, and we BH have good credit and income to support. I'm looking for an easy to deal with bank.
Thanks!
Rates are around 4.25%. I don't know what your situation is, but I highly doubt at 4.5% it's worth it for you to refinance.
Life is as good as you make it...

Offline dealfinder85

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Re: Refinancing mortgage for a lower rate
« Reply #4 on: December 07, 2016, 09:53:30 AM »
Rates are around 4.25%. I don't know what your situation is, but I highly doubt at 4.5% it's worth it for you to refinance.
he may be in the market for a 15 year mortgage

Offline Mendelssohn

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Re: Refinancing mortgage for a lower rate
« Reply #5 on: December 07, 2016, 01:22:52 PM »
Just checking one of my CUs I see 3.254 APR for 30 year fixed.

Maybe they are the exception and haven't increased rates yet. It might be possible to still get that rate though. That was Navy Federal.

https://www.navyfederal.org/products-services/loans/mortgage/mortgage.php
« Last Edit: December 07, 2016, 01:42:40 PM by Mendelssohn »

Online yelped

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Re: Refinancing mortgage for a lower rate
« Reply #6 on: December 07, 2016, 02:23:39 PM »
Just checking one of my CUs I see 3.254 APR for 30 year fixed.

Maybe they are the exception and haven't increased rates yet. It might be possible to still get that rate though. That was Navy Federal.

https://www.navyfederal.org/products-services/loans/mortgage/mortgage.php
That must be for a VA loan.

Offline Mendelssohn

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Re: Refinancing mortgage for a lower rate
« Reply #7 on: December 07, 2016, 02:52:30 PM »

Offline ez1985

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Re: Refinancing mortgage for a lower rate
« Reply #8 on: December 07, 2016, 03:19:32 PM »
SHIMMY BRAUN GUARANTEED RATE

Offline larryilo

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Re: Refinancing mortgage for a lower rate
« Reply #9 on: December 07, 2016, 03:19:59 PM »

Offline rileywiles23

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Re: Refinancing mortgage for a lower rate
« Reply #10 on: December 07, 2016, 03:24:17 PM »
Life is as good as you make it...

Offline Mendelssohn

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Re: Refinancing mortgage for a lower rate
« Reply #11 on: December 07, 2016, 03:33:35 PM »
I guess they haven't updated their entire website. It's still just under 4 which may make sense depending on how long they want to stay in the house.

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Re: Refinancing mortgage for a lower rate
« Reply #12 on: December 07, 2016, 03:41:06 PM »

Offline ez1985

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Re: Refinancing mortgage for a lower rate
« Reply #13 on: December 07, 2016, 04:22:46 PM »
huh?
he has the best rates and was awesome to deal with

Offline Mendelssohn

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Re: Refinancing mortgage for a lower rate
« Reply #14 on: December 07, 2016, 04:41:42 PM »
Lowest is 3.916 APR for 30 year.

I already replied above.