tag:blogger.com,1999:blog-8171174256290926446.post7340340724270264937..comments2024-03-28T02:52:58.287-04:00Comments on 1001 Goals: Refinancing Your MortgageJenhttp://www.blogger.com/profile/07077309108571920121noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8171174256290926446.post-42811892681255717132013-03-04T22:16:48.941-05:002013-03-04T22:16:48.941-05:00We would like to do a refinance, but we need to ge...We would like to do a refinance, but we need to get past the 20% principal before we qualify. It will take few years until we pass that point I hope the rates are still as low. Vickiehttps://www.blogger.com/profile/11285301512691391471noreply@blogger.comtag:blogger.com,1999:blog-8171174256290926446.post-31602615956773356532013-02-28T14:33:59.181-05:002013-02-28T14:33:59.181-05:00Oh and OP used to beg me to let him take a silly d...Oh and OP used to beg me to let him take a silly dog statue home from Old Navy! Crazy kids!Kristyhttps://www.blogger.com/profile/06764019184996443389noreply@blogger.comtag:blogger.com,1999:blog-8171174256290926446.post-60695060429688820682013-02-28T14:33:15.491-05:002013-02-28T14:33:15.491-05:00We refinanced our house (obviously not our current...We refinanced our house (obviously not our current one!) about 3 years ago from a 30-year to a 15-year. The new mortgage payment was about $100 less a month, which we just paid as extra toward the principal. There were minimal closing costs involved and the whole process was really smooth for us. We always try to pay $200-300 extra toward our mortgage a month and it really adds up. I really think that refinancing was the reason we were able to walk away with such a huge profit/down payment after selling our house in the fall. Plus, 15 years seems way less daunting than 30 years in terms of how long you owe someone so much money! We'll likely try to refinance our current loan in a couple of years, after we have a bit of equity in our current house (currently we have a 30-year, but would love to have another 15-year if we can swing it!). If that makes sense...sorry for the novel! I think refinancing is something everyone should look into every few years. That and shopping around for car/home insurance (we cut our monthly insurance bill in half by switching companies 2 years ago!) :)Kristyhttps://www.blogger.com/profile/06764019184996443389noreply@blogger.com