Refinanced the house 2.5 years after buying it. Had a fixed 30 year loan but now we were able to lower the interest rate by more than 1% (down to 3.87% now) on a 20 year loan. My payment goes up $50 per month but I save 7.5 years and over $70,000.00 in interest by doing the re-fi. All the paperwork etc was only $499.
The closing was yesterday.
This calls for a pepper dance
Last edited by JarZ; 06-16-2012 at 02:08 PM.
5.7L & 6.1L Hemi Registry # 856
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2005 Dodge Magnum R/T
2006 Dodge Magnum SRT-8
2000 Chrysler LHS
1999 Dodge Intrepid SE
we did similar a few months ago. went from a 30 year fixed to a 15 year fixed and +40/month and saved 90k in 15 years im gonna buy a GTR. LOL
Nice going guys!
We just closed last month, too.
Went from 30-yr to 15-yr... payment is within $10/month.
Savings was in the 70k range.
Last edited by novawagonmaster; 06-16-2012 at 02:21 PM.
10.29@132 Aluminum 468 in '05 Magnum R/T
Hemituner, Arrington, GTP, FTI, Paramount, Driveshaft Shop, LMI, and a few other goodies.
Smart thing to do!!!
Old Geezers LOVE cars too!
HEMI registry #864
2006 Black Magnum SRT (SHADOW)
2005 Red Magnum R/T (LUCKY)
2005 Blue Magnum R/T (BLUE)
2006 Silver SuperCharged 300 SRT (643HP)
We are doing the same as soon as ours opens up in another 9 months.
Just lurking. Hemi Registry #1050
Guys, all great savings you have there!!
We're starting the process of refinancing ours. When you say all of the paper work etc was only 499, I'm assuming that is just what you paid out of pocket, but not including the closing costs rolled into the loan?
It was $499 including all closing cost, title search and all the other stuff you need to do. We had to lay out some tax that the former lender will refund to us since we had paid it to them already. The new loan is for the same amount as we owed so nothing was rolled into the new loan. It was a special promotion the new lender had available so we took advantage
I just did it in Feb. 2.99% fixed 5yr with a 12 yr amortization since I'm paying accelerated weekly.
2006 Inferno Red Magnum RT - email@example.com at TMP DA 300 Sept 28, 2012,
SRT headers, Mopar CAI, Diablosport Trinity, Stant 180 deg thermostat, Inertia Spartan Cam, 6.1 chain tensioner, B&M transmission cooler, FTI 3200, MTCM, 392 swaybars F + R, Eibach Pro-kit, Magnaflow 3" catback w/ hi-flows, 6.1 heads and intake, 2012 3.91 Getrag, OST tuned, Joelvan rad, Brembos
To be installed: PS cooler and engine oil cooler
Congrats on the deal - and now i know what the pepper is meant for lol.
Flowmaster 40's Catback Exhaust
300 European Style Grill
Oznium Remote Red Led Grill Lights
FX Tints, Whitby ON
5.7L HEMI Registry #1507
Bone stock time: 12.832 @ 108.51 with a 2.033 60ft... On GY F1's Full Weight
Predator and C&L Intake: 12.386 @ 111.78 1.868 60ft On GY F1's Full Weight
Current mods: Hi-Flows, 180. Volant, PS Cooler, Trans Cooler, SS Brake Lines, Ti Backing Plates.
Pedders Track II Extreme, Wavetrac, Moroso oil pan/catch can, 6.1 MTCM, Mopar trailer hitch.
Congrats, great thing do do if you can in this market! Us Floridians don't know what the word refinance is here in underwater land south Florida!