Wow! The wife talked with someone to pull some equity out. They said up to 90 days. Seems it could be attributed to everyone trying at the same time. Thanks
Anyone else?
Anyone else?
Refinancing - Points vs No Points
- Thread starter 72MachOne99GT
- Start date
Call Quicken, trust me.
They’re one of them we talked to. Their initial closing cost was like 5500.
Lost me real quick.
Less than 1 month for primary residence.
Wow, times have changed I guess. They were awesome when we did a refi years ago. Great when we paid off the house a few months ago too.
Congrats. Im going to buy myself an incredible bottle of bourbon when we finish ours. Maybe even a Pappy...
Sent from my SM-G975U using the svtperformance.com mobile app
Had my first a few weeks ago on the trail... was the best tasting drink I've ever had.
I have two buddies who have gotten me into the scene the last year. The shelves belong to one... bar another.
I think there is a bourbon thread floating around, but maybe it's time for a new one.
Sent from my SM-G975U using the svtperformance.com mobile app
For ****s sake...
I have a pretty nice bar, but it doesn’t look like that.
I have a pretty nice bar, but it doesn’t look like that.
I know.... the guy who has the white shelves has been in it for a while. Those are just his unopened bottles. He treated us to a tasting two weekends ago...
That Blanton's Straight From the Barrel was killer. The OF SiB was quite the surprise as well.
Sorry, as I didn't mean to hijack your thread.
Sent from my SM-G975U using the svtperformance.com mobile app
Just closed on a VA IRRRL refinance, took 13 days, got 2.25%/30 no points. After lender's credits and current escrow refund it will have cost about $3k so should break even in 1 year.
"buying" a point is such a scam, just a way for them to make money. Remember, YOU have the balls and decision making, tell the bank to **** off. PLENTY of lenders out there, who will take a 15 year loan WITHOUT points paid. You should be able to find ZERO closing costs and zero points paid.
15 years @ 2.375 Par rate... 0 points
But, if I can drop a couple grand up front to lower a 211,000 loan a half percentage point.... I think it’s worth it.
This is the house my wife and I are going to be in for awhile.
points in your case are simply interest paid upfront rather than over the life of the loan. it lowers your payments and provides the bank with more money up front.
A couple months.
Mine took 3 months but the loan advisor was retarded. Holding up the process cause he couldn't read the dates on my paystubs.
"Why are the numbers different?" On paystubs submitted in July and then in early September...
But at least when it came to closing the interest rate got dropped 0.5% due to newer market rates so can't complain there.
Points are simply prepaid interest. The only “scam” is that most home owners move every 7yrs.
Sent from my iPhone using svtperformance.com
Sent from my iPhone using svtperformance.com
Right, it's not a scam. It actually works out very well the longer you stay in the home.
Me and a couple buddies spent a few days in Lexington the other week. Didn't get to do too many tours/tastings as everything was either booked or closed but Maker's Mark was incredible. I'd love to go back and hit some of the others we missed. Those are some great looking bars
Right. Relative to the rate settled on and length of the loan.
Users who are viewing this thread
