tag:blogger.com,1999:blog-7663468186545705233.post3828035051602326502..comments2023-10-17T12:09:55.180-04:00Comments on Melmoirs: Beatin' that dead equine-omyMelhttp://www.blogger.com/profile/01886668831972641673noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7663468186545705233.post-80696520087151942782009-01-18T16:25:00.000-05:002009-01-18T16:25:00.000-05:00Yeah, I keep thinking that maybe, just maybe, the ...Yeah, I keep thinking that maybe, just maybe, the new admin will make things even more attainable in hopes of jump-starting the economy again. We'll see...Melhttps://www.blogger.com/profile/01886668831972641673noreply@blogger.comtag:blogger.com,1999:blog-7663468186545705233.post-36427505957805712009-01-16T15:32:00.000-05:002009-01-16T15:32:00.000-05:00We have also looked into refinancing. We have 6-1/...We have also looked into refinancing. We have 6-1/2 more years on our 10-year ARM (fixed rate for those 10 years) and of course want to go for 15 years. But, still too expensive because we'd have to throw in a bunch of cash (because we owe more than $100K) AND have a higher payment every month. Maybe when the ARM is up, or if rates go down a lot more...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7663468186545705233.post-348681879482070292009-01-14T14:50:00.000-05:002009-01-14T14:50:00.000-05:00it's frustrating, ain't it. I figure until the rat...it's frustrating, ain't it. I figure until the rate drops further, we'll just keep sending a tiny bit extra each month to reduce the principle. that can cut years off the loan in the long run, too. <BR/><BR/>we should've tried to swing a $200,00 home--we'd be getting a handout right now.Melhttps://www.blogger.com/profile/01886668831972641673noreply@blogger.comtag:blogger.com,1999:blog-7663468186545705233.post-38999738618487508562009-01-14T13:59:00.000-05:002009-01-14T13:59:00.000-05:00Mel,I have casually looked into refinancing, since...Mel,<BR/><BR/>I have casually looked into refinancing, since we have temporarily given up our desire to buy a bigger house. But even with good credit, once you throw in all the closing costs and b/c we owe quite a bit less than 100k (keep that in mind), our mortgage will end up being about the same or even a little more for a 15-year rate (even though I think that is about how many years we have left on original loan). The only way to get smaller payment is to go for a 30-year, but why would I do that?Anonymousnoreply@blogger.com