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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (12206)4/19/2004 5:15:47 PM
From: loantech  Respond to of 110194
 
Tip,
As long as the customers are not adding a lot of costs to their principal balance it is okay as rates keep going down. I want to pay a big chunk down on principal before I refi again.
Tom



To: yard_man who wrote (12206)4/19/2004 6:03:49 PM
From: microhoogle!  Read Replies (2) | Respond to of 110194
 
You make me look like loose canon :-).

Purchased a new house in August 02 and financed at 7% - fixed 30 years (could have done at lower rate but was getting a builder incentive to with their mortgage company)

Refinanced a couple of months later at 6%, as I had already taken advantage of builder incentives.

Refinanced again at 5% about 6 months later.

EDIT: I am waiting for Greenspan to send me a Thank You note.


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