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Originally posted by dabrockster
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Congrats!"Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill
"I only know what I hear on the news." - Dear Leader -
No closing costs? How much do they add to your loan? Treat the amount they add to your loan the same way you would closing costs.Originally posted by mUUser View PostComment
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If closing costs are 2,000 then you would still save 13k by refinancing in straight cash terms. That is without taking the time value of money into consideration (IE $100 saved now is worth more than a $100 saved next year.)Originally posted by mUUser View Post"Be a philosopher. A man can compromise to gain a point. It has become apparent that a man can, within limits, follow his inclinations within the arms of the Church if he does so discreetly." - The Walking Drum
"And here’s what life comes down to—not how many years you live, but how many of those years are filled with bullshit that doesn’t amount to anything to satisfy the requirements of some dickhead you’ll never get the pleasure of punching in the face." – Adam CarollaComment
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Great news! Congrats!Originally posted by dabrockster View Post"They're good. They've always been good" - David Shaw.
Well, because he thought it was good sport. Because some men aren't looking for anything logical, like money. They can't be bought, bullied, reasoned, or negotiated with. Some men just want to watch the world burn.Comment
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Are they allowing 1st & 2nd mortgages to avoid PMI again?
We lost all our equity in the move from NM, and so we are enjoying throwing money into the PMI hole.I intend to live forever.
So far, so good.
--Steven WrightComment
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Brian: The 80-20 loan was not an offer they gave me so I think it is not available right now. And I asked specifically about it and they said, "no"..Originally posted by Brian View Post
Sorry..Comment
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Well, just locked in my rate after a little wheeling and dealing between two different mortgage brokers..
I got a Fixed 30 year FHA Loan at the rate of 4.375%..
Dude said I was the lowest rate he has ever done for an FHA loan and congratulated me... I thought I was happy at 4.5%.. This is a happy day...Comment
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Thanks for your help, Junkie. I was able to talk them down a couple more eights and still keep the fees the same, like you recommended.Comment
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Which option is better if we will likely sell our house in the next 5 years? I'm toodumblazy to do the math but I'm sure it will take > 5 years to make up $800 cost difference.
Rate . Points APR Fees
4.375 0.000 4.424 $1149
4.125 1.816 4.365 $1995Comment
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If you're going to be in your house five years, it's good to take the points and go with a little higher rate. But in your case, they're not passing on the points. They're pocketing them. 1.8 points and they drop your fees $800. Greedy bastards.Originally posted by Art Vandelay View PostComment
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Depends on how much the loan isOriginally posted by Art Vandelay View Post"Be a philosopher. A man can compromise to gain a point. It has become apparent that a man can, within limits, follow his inclinations within the arms of the Church if he does so discreetly." - The Walking Drum
"And here’s what life comes down to—not how many years you live, but how many of those years are filled with bullshit that doesn’t amount to anything to satisfy the requirements of some dickhead you’ll never get the pleasure of punching in the face." – Adam CarollaComment
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You would save ~800 dollars going with the lower rate over 5 years taking into consideration the extra fees. IE pay the extra fees it will be worth it.Originally posted by Mormon Red Death View Post"Be a philosopher. A man can compromise to gain a point. It has become apparent that a man can, within limits, follow his inclinations within the arms of the Church if he does so discreetly." - The Walking Drum
"And here’s what life comes down to—not how many years you live, but how many of those years are filled with bullshit that doesn’t amount to anything to satisfy the requirements of some dickhead you’ll never get the pleasure of punching in the face." – Adam CarollaComment
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After all of the last-minute shenanigans I could imagine, boiling down to the sellers threatening to hold out on their way to sign the papers and the (short-sale approving) bank ordering 2 additional appraisals that they normally don't do, we finally closed on this today. Even though we were told in June that it was a done deal.Originally posted by Solon View Post
Moral of the story: a short sale is hell on the timeline, but a great deal in the end."More crazy people to Provo go than to any other town in the state."
-- Iron County Record. 23 August, 1912. (http://chroniclingamerica.loc.gov/lc...23/ed-1/seq-4/)Comment
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Congrats Solon! Now I can shoot at you will my pellet gunOriginally posted by Solon View Post
"The first thing I learned upon becoming a head coach after fifteen years as an assistant was the enormous difference between making a suggestion and making a decision."
"They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression."
"I like to bike. I could beat Lance Armstrong, only because he couldn't pass me if he was behind me."
-Rick MajerusComment
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