tag:blogger.com,1999:blog-13259011.post2425865324773477103..comments2023-12-14T07:05:21.979-08:00Comments on Chief Family Officer: Update on our refi: We closed yesterday at 4.875%Chief Family Officerhttp://www.blogger.com/profile/02320154821990804327noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13259011.post-59233364328679573692009-02-03T00:26:00.000-08:002009-02-03T00:26:00.000-08:00Congratulations, CFO.In our part of the world, we ...Congratulations, CFO.<BR/><BR/>In our part of the world, we are still at around 6.2 - 6.5%. And this is after the Central Bank dropped their rates by .75% recently.<BR/><BR/>We are expecting more rate cuts and maybe we will also get the lower rates soon.<BR/><BR/>We can all do with some savings.<BR/><BR/>RegardsFather Sezhttps://www.blogger.com/profile/06123124877638945944noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-55418542297413594952009-01-30T19:51:00.000-08:002009-01-30T19:51:00.000-08:00Thanks for the kind words, everyone!@Caveman - Yea...Thanks for the kind words, everyone!<BR/><BR/>@Caveman - Yeah, the list is still on my list at the moment ... MUST get to it asap!<BR/><BR/>@Sherri - Our total closing costs were about $6K but that includes the Feb. payment on the old mortgage. The costs are on the high side, but made up for by the extra low rate we were able to get via the special program we were eligible for. On the day we got 4.875%, the national average was 5 point something. Hope that helps.<BR/><BR/>@Kim - You're right, I'm sure the notary was more than just a notary.Chief Family Officerhttps://www.blogger.com/profile/02320154821990804327noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-72461769916906667262009-01-29T12:34:00.000-08:002009-01-29T12:34:00.000-08:00I'm glad to know I'm not alone in reading the docu...I'm glad to know I'm not alone in reading the documents, but I'm not an attorney. We had to sign the IRS form and lines 6 and 9 were blank on ours too. The reaction was interesting when I questioned that.<BR/>Congratulations on getting such a great rate! We just bought this summer and were able to get a loan at 6%, so it's not really beneficial to refi right now.Lisahttps://www.blogger.com/profile/05581253958511238775noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-25478605632178643202009-01-29T07:57:00.000-08:002009-01-29T07:57:00.000-08:00I'm probably not in your state so your laws may be...I'm probably not in your state so your laws may be different but the notary was probably a paralegal. <BR/><BR/>As a notary, I don't care what the form says. All I am there to do is verify that you are who you say you are and that you actually signed the document. <BR/><BR/>Great job on the re-fi!Kimhttps://www.blogger.com/profile/12814301612938088984noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-58320055377170991052009-01-29T05:29:00.000-08:002009-01-29T05:29:00.000-08:00Congratulations! We're having a tough time trying...Congratulations! We're having a tough time trying to find a lender who will accept out application. We have exceptional credit and only need to refi $75K but it seems everyone is clamoring for refis or there aren't enough application agents due to mortgage company layoffs.<BR/><BR/>Tacky question but one that's been om my mind lately, what did your closing costs look like? Did you have significant loan origination fees? Have to pay points to get the rate you wanted? What lender did you choose? Thanks for any info you feel comfortable enough to share.sherrihttps://www.blogger.com/profile/13627137077537600965noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-67408999749408824662009-01-28T21:50:00.000-08:002009-01-28T21:50:00.000-08:00I am so glad to know that there are people out the...I am so glad to know that there are people out there who read their paperwork! I don't handle mortgages, but I do work on home equity loans, and it blows me away the number of people who simply want me to point them where they need to sign and that's it. They tell me not to even bother explaining it. I don't know how people can be so cavalier with stuff like that, but I can't do that to my members, being the responsible banker that I am. I politely tell them I am obligated to explain, at least briefly what the document is they are signing.<BR/><BR/>Congrats on your lower payment! That always feels good!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13259011.post-75806784481383662552009-01-28T20:30:00.000-08:002009-01-28T20:30:00.000-08:00I drove our closing agents nuts because I read eve...I drove our closing agents nuts because I read every single word of the mortgage contract and I wasn't even on it. I questioned everything and made them make repeated calls for explanations. It drives me nuts that they don't know what they are asking for. We are currently in the process of looking to refi so I can only imagine what it will be like this time around. Congrats to you on a lower payment.Mommy Shoeshttps://www.blogger.com/profile/13625055463883932900noreply@blogger.comtag:blogger.com,1999:blog-13259011.post-15135816057221883552009-01-28T18:38:00.000-08:002009-01-28T18:38:00.000-08:00Congrats! We just did the same thing and dropped ...Congrats! We just did the same thing and dropped about $250/month - going from a home equity at 8.375% and a mortgage at 6% to a single new mortgage at 4.875%. I still have yet to update our lists, too. Way too many other things going on right now...Anonymousnoreply@blogger.com