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I just refied my home loan and cut my house payment by $400 a month

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Old Feb 19, 2013 | 05:14 PM
  #1  
FOGeologist's Avatar
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Senior Member and ROTM March 2014
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From: Frederick, Colorado
Default I just refied my home loan and cut my house payment by $400 a month

And thank God for it.

I was starting to wonder where in the world I'd find the extra money to pay for gasoline, now that the prices have skyrocketed back up to Heaven.

Well, this'll take some of the pressure off, that's for sure.
 
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Old Feb 19, 2013 | 06:11 PM
  #2  
Conrice's Avatar
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sorry you're having financial woes...



i know gas is a b*tch right now. im kind of thankful my bronco isn't running right now so i'm never tempted to take it out.


the buell is getting around 50mpg right now, so i'm thankful for that at least
 
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Old Feb 19, 2013 | 06:11 PM
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From: Douglasville, Ga
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Nice...I did the same in nov, got some cash backand got my first Bike.
 
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Old Feb 22, 2013 | 07:01 AM
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From: St. Louis, MO
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I refinanced mine about a year ago and reduced the payment by a little over $800 per month. I didn't do it to lower my monthly payment but rather to pay my mortgage off early.

Now when I make a payment I include an extra $800 each month toward the principal. I end up paying about the same each month as I had been but I'll be paying off my loan several years earlier and saving about $5,000 in interest.

My current rate is 3.0% fixed for 7 years but it'll be paid off before then.
 
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