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Sep 27, 2022
9:03
:17
pm
TO11
All-American
I was on an adjustable rate, got really nervous in January and ended up refinanc
ing at 3.375%. It was actually a lower rate than my adjustable.
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TO11
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TO11
Joined
Sep 24, 2016
Last login
Oct 31, 2024
Total posts
3,431 (0 FO)
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Messages
Author
Time
Last December my bank offered me a promo on my Home Equity. Use the advance checks and get 1.49% for 12 months.
Pimpin4Paradise
Truly Addicted User
9/27/22 8:40pm
I don't understand how that's a good deal
rcbyufan
9/27/22 8:45pm
Financing at 1.49%?
Pimpin4Paradise
9/27/22 8:45pm
But it doesn't stay at that rate, correct?
rcbyufan
9/27/22 8:50pm
Nobody foresaw rates going up 6% in one year.
RH84025
9/27/22 8:53pm
<< Deleted >>
chilawcoug
9/27/22 9:43pm
No, but that’s cheap money for 1 year. I’ll be paying it down rapidly, but still pretty shocking.
Pimpin4Paradise
9/28/22 9:51am
I was on an adjustable rate, got really nervous in January and ended up refinanc
TO11
9/27/22 9:03pm
Very good call.
BoiseBlueCoug
9/27/22 9:47pm
How lond did you have an ARM? Curious why you ended up with one? Better deal?
shamc
9/27/22 11:35pm
It was a 7 year ARM, our original rate was like 4.75%, we refinanced down to
TO11
9/28/22 8:59am
The nice part is if you have any extra money you know where to put it.
johnnybyu
9/27/22 10:16pm
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