<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > It might work after all!

It might work after all!

November 4th, 2009 at 03:37 pm

Paperwork is processing for my 12,000 loan (9.9% interest - ugh. Will have to pay that off ASAP.)

Called three banks about refinancing. I think I am going to stick with PNC. If the appraisal comes out like it did before, I'll have to bring 11,900 with me to closing since there isn't enough equity in my home (this also includes the closing costs). But I'll end up with a 15-year, 4.5% loan! T and I are planning on making extra payments to make it a 12-year loan so the house will be paid in full by the time he's 40!

Woohoo!!

Posted in Uncategorized | 1 Comments »

1 Responses to “It might work after all!”

  1. Jerry Says:
    November 13th, 2009 at 08:52 pm 1258145547
    1258145547

    Hey, 15 years at 4.5 sounds like a great step that will lead to a quicker payoff point, congrats! Especially if you can avoid private mortgage insurance, and put all of the money into that payoff. Good luck with it!
    Jerry

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]