« previous next »
Pages: [1]   Go Down

Author Topic: Refinancing mortgage for a lower rate  (Read 3312 times)

Offline helpusout

  • Dansdeals Gold Elite
  • ***
  • Join Date: Oct 2008
  • Posts: 240
  • Total likes: 1
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
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!
Logged

Offline BarryLincoln

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2014
  • Posts: 1398
  • Total likes: 145
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: New Jersey
  • Programs: SPG Platinum, National Executive, Hertz Five Star
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...
Logged

Offline elit

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jun 2008
  • Posts: 1498
  • Total likes: 119
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #2 on: December 06, 2016, 06:37:31 PM »
Quote from: helpusout 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!
Think you're a few weeks too late
Logged

Offline rileywiles23

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5779
  • Total likes: 108
  • DansDeals.com Hat Tips 5
  • Gender: Male
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #3 on: December 06, 2016, 08:13:37 PM »
Quote from: helpusout 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!
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.
Logged
Life is as good as you make it...

Offline dealfinder85

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Feb 2013
  • Posts: 3580
  • Total likes: 9
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #4 on: December 07, 2016, 09:53:30 AM »
Quote from: rileywiles23 on December 06, 2016, 08:13:37 PM
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
Logged

Offline Mendelssohn

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Sep 2015
  • Posts: 672
  • Total likes: 11
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: North Texas
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 »
Logged

Online yelped

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2015
  • Posts: 10958
  • Total likes: 3974
  • DansDeals.com Hat Tips 43
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #6 on: December 07, 2016, 02:23:39 PM »
Quote from: Mendelssohn 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
That must be for a VA loan.
Logged

Offline Mendelssohn

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Sep 2015
  • Posts: 672
  • Total likes: 11
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: North Texas
Re: Refinancing mortgage for a lower rate
« Reply #7 on: December 07, 2016, 02:52:30 PM »
Logged

Offline ez1985

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: May 2011
  • Posts: 530
  • Total likes: 1
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #8 on: December 07, 2016, 03:19:32 PM »
SHIMMY BRAUN GUARANTEED RATE
Logged

Offline larryilo

  • Dansdeals Gold Elite
  • ***
  • Join Date: Feb 2016
  • Posts: 152
  • Total likes: 10
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #9 on: December 07, 2016, 03:19:59 PM »
Logged

Offline rileywiles23

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2014
  • Posts: 5779
  • Total likes: 108
  • DansDeals.com Hat Tips 5
  • Gender: Male
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #10 on: December 07, 2016, 03:24:17 PM »
Logged
Life is as good as you make it...

Offline Mendelssohn

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Sep 2015
  • Posts: 672
  • Total likes: 11
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: North Texas
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.
Logged

Online yelped

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Mar 2015
  • Posts: 10958
  • Total likes: 3974
  • DansDeals.com Hat Tips 43
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #12 on: December 07, 2016, 03:41:06 PM »
Logged

Offline ez1985

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: May 2011
  • Posts: 530
  • Total likes: 1
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #13 on: December 07, 2016, 04:22:46 PM »
Quote from: larryilo on December 07, 2016, 03:19:59 PM
huh?
he has the best rates and was awesome to deal with
Logged

Offline Mendelssohn

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Sep 2015
  • Posts: 672
  • Total likes: 11
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: North Texas
Re: Refinancing mortgage for a lower rate
« Reply #14 on: December 07, 2016, 04:41:42 PM »
Quote from: yelped on December 07, 2016, 03:41:06 PM
Lowest is 3.916 APR for 30 year.

I already replied above.
Logged

Offline Mendelssohn

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Sep 2015
  • Posts: 672
  • Total likes: 11
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: North Texas
Re: Refinancing mortgage for a lower rate
« Reply #15 on: December 07, 2016, 04:46:09 PM »
Quote from: ez1985 on December 07, 2016, 04:22:46 PM
he has the best rates and was awesome to deal with

NFCU is lower than his rates.
Logged

Offline ZCN

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Nov 2011
  • Posts: 351
  • Total likes: 5
  • DansDeals.com Hat Tips 3
    • View Profile
  • Location: Ohio
Re: Refinancing mortgage for a lower rate
« Reply #16 on: January 11, 2017, 10:55:19 PM »
Quote from: Mendelssohn on December 07, 2016, 04:46:09 PM
NFCU is lower than his rates.

Spoke to NFCU today and their best interest rate is if you are putting down 30%. Anyone know of other options?
Logged

Offline Sammy82

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Apr 2011
  • Posts: 1507
  • Total likes: 430
  • DansDeals.com Hat Tips 1
    • View Profile
  • Location: AWAY
Re: Refinancing mortgage for a lower rate
« Reply #17 on: January 11, 2017, 11:01:11 PM »
Quote from: ez1985 on December 07, 2016, 04:22:46 PM
he has the best rates and was awesome to deal with
+1
Great rates, straight forward, easy online portal, and great staff. I'm in middle of refinancing right now with him for the first time but I have friends and family the have done it with him two or three times and they're also crazy over him.
Logged

Offline coralsnake

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 4608
  • Total likes: 162
  • DansDeals.com Hat Tips 9
    • View Profile
Re: Refinancing mortgage for a lower rate
« Reply #18 on: January 11, 2017, 11:04:11 PM »
Quote from: ZCN on January 11, 2017, 10:55:19 PM
Spoke to NFCU today and their best interest rate is if you are putting down 30%. Anyone know of other options?
Everyones best rates are when the borrower has more equity.
Logged
"Here at DansDeals we don’t do buses." -Dan
Pages: [1]   Go Up
« previous next »