refinacing?

[dirty dog]

Originally Posted by johnnyretard

you are way overthinking this
this thread is the equivlant of, "what's your favorite provider or what's your favorite candy?"
Gives me jumping off points about things to look into, maybe
you guys all sound like I'm going to read this stuff and go OK I WILL GO TO CONMAN LOANS! THX DOG!

so have you guys had experience doing this?(I'd guess yes)
where you take some adivce from retards and dont do your due diligence to figure out what you wanted and use actual sources to be smart about what you get

NURSE BECKY IS GOOD PROVIDER?
THX DOG< I"m on my way to SEE HER!
SCHWIINNNNNG.......

Seriously guys, grow some brains



ever watch dr oz?
same thing, although i've not watched in year, his show used to have interesting jumping off points for research.
Opinions can be fun and interesting, but you have to be smart enough to sort out trash and what might be useful
how old are you?
you say
Go to a book,
LOL


seriously man,
Ive got 3 banks working on getting me the best rate...I asked here for amusment and maybefinding someone who knows what they are talking about

I've got parents, I dont need some powertrippin' mod to give me what thinks is advice I needs

now, how's about you stay on the OP's topic, or else I'm gonna have to give you an infartion



"

JR is not a mod, he is an opinionated blow hard that thinks he knows all about all. Most everyone has learned to ignore him.

[deacon]

when i had a loan it changed hands about 6 times,,doesnt really seem to matter another bank will buy the loan....if was was to take another one out i would make sure it was a 15 year fixed

[JRLawrence]

Originally Posted by dirty dog

JR is not a mod, he is an opinionated blow hard that thinks he knows all about all. Most everyone has learned to ignore him.

"seriously man,
Ive got 3 banks working on getting me the best rate...I asked here for amusment and maybefinding someone who knows what they are talking about"

I have to admit that sometimes I miss the tongue in cheek humor and the BS that passes for amusement. Opinionated? Not hardly. Long on explanation enough to be boring, pedantic about sticking to known facts to the extent that some just can't follow the statement are some of my faults. Been there and done that doesn't mean I am a blow hard; but nailing those who are BS proficient is kinda of fun. At the same time I feel sorry for those who have not enjoyed the experiences and challenges that bring enjoyment.

JR

[johnnyretard]

Originally Posted by JRLawrence

I have to admit that sometimes I miss the tongue in cheek humor and the BS that passes for amusement. Opinionated? Not hardly. Long on explanation enough to be boring, pedantic about sticking to known facts to the extent that some just can't follow the statement are some of my faults. Been there and done that doesn't mean I am a blow hard; but nailing those who are BS proficient is kinda of fun. At the same time I feel sorry for those who have not enjoyed the experiences and challenges that bring enjoyment.

JR

who wrote this drivel?
oh he signed it?
why the hell do you sign a post ? you think it's some mystery as to who wrote the long winded post with lots of words, yet saying nothing?

[johnnyretard]

Originally Posted by johnnyretard

quicken loans?

easy as hell
all online
great rate,
and easy to be sure you are saving money
https://www.zillow.com/mortgage-calc...ce-calculator/

Ive talked to 3 banks and went to quicken sites, CHAT with agent and BOOM 2 hours later I'm set
no driving, no w-2s, no nothing, not even pants

[MrNyceGuy]

Originally Posted by johnnyretard

why not BOA?
My mortage is with BOA currently and I talked to them about refinacing and they want stuff that makes no sense.
yeah BOA is out.
I'm talking with golden oaks and Im gonna get a rate about 2.8
but can you explain how
2.8% rate is actually 3.4% APR?

Thats pretty much what they told me for a 30yr mortage and I dont understand those numbers

Keeping it simple, people make the mistake asking what the rate is. You need to ask for both rate and APR. The difference in 2.8% and 3.4% apr is high, which simply means you have disclosed fee's that get rolled up into our loan that you are paying for over the length of that loan.

Years ago before the housing crash, people with solid credit could get a no closing fee loan. They were not uncommon.The rate and APR were almost identical. Hundreths of a percent apart. 2.9 rate 2.94 AzpR. Thats what you want.

Today, a good solid loan will have a rate and APR less than .25% from each other.

If thats confusing, dont ask for the rate, ask what their APR is. If your happy, thats most important.

Rate and APR variances above that, too many fee's and add on that are getting buried that your paying back over the length of the loan.

[johnnyretard]

Originally Posted by MrNyceGuy

Keeping it simple, people make the mistake asking what the rate is. You need to ask for both rate and APR. The difference in 2.8% and 3.4% apr is high, which simply means you have disclosed fee's that get rolled up into our loan that you are paying for over the length of that loan.

Years ago before the housing crash, people with solid credit could get a no closing fee loan. They were not uncommon.The rate and APR were almost identical. Hundreths of a percent apart. 2.9 rate 2.94 AzpR. Thats what you want.

Today, a good solid loan will have a rate and APR less than .25% from each other.

If thats confusing, dont ask for the rate, ask what their APR is. If your happy, thats most important.

Rate and APR variances above that, too many fee's and add on that are getting buried that your paying back over the length of the loan.

right, you have that good info
or you can see if you refinance if you'll save money using a calculator
https://www.zillow.com/mortgage-calc...ce-calculator/

[SpicyOnion]

Refinancing to me is not worth, you would be paying more towards interest at the beginning of each loan than towards principle amount. When you re-finance you may get better rate or you may end up paying less per month, but check the amount paid towards interest in first and the amount you will be paying towards interest in the refinance and total it up and you will get to know.

I'm not a fan of refinance.

[johnnyretard]

Originally Posted by SpicyOnion

Refinancing to me is not worth, you would be paying more towards interest at the beginning of each loan than towards principle amount. When you re-finance you may get better rate or you may end up paying less per month, but check the amount paid towards interest in first and the amount you will be paying towards interest in the refinance and total it up and you will get to know.

I'm not a fan of refinance.

not a fan?
so what?
use the calculator and find out if it's worth to refinance
your emotional issues dont negate the facts

great job on sharing your emotions....stick to the facts when it comes to money