Comments on: Two Refis in the Works

By: evy

evy — Sat, 07 Nov 2009 23:16:56 +0000

Have you checked out refinancing with ING Direct? Their rates and closing costs are very favorable.

By: One Frugal Girl

One Frugal Girl — Sat, 07 Nov 2009 19:25:13 +0000

@kosmo -- We probably will pay a little extra each month to shrink the mortage terms. Up until now we've been paying bi-weekly. I assumed we'll continue with that approach.

@anonymous -- Really 'pull the trigger' is offensive? I use that phrase all the time.

By: Anonymous

Anonymous — Sat, 07 Nov 2009 05:18:50 +0000

Who has come up with the line "pulling the trigger" this is an awful saying with so many of our boys at war and away from their families I truly wish folks would stop using this analogy. It is a non-appropriate phrase at this time.

By: kosmo @ The Casual Observer

kosmo @ The Casual Observer — Fri, 06 Nov 2009 15:41:25 +0000

Is there any sort of penalty for paying extra? We throw extra money at our principle every month. Just because the mortgage is technically a 15 year is no reason why you need to take 15 years to pay it off :)

I think out "true" refi costs were something like $1200-$1500. We had costs like pre-funding the escrow at the new lender, but those aren't true costs (as this was offset by a refund of the escrow balance from the old lender).