Comments on: The Age of the Refi Renaissance http://www.girlsjustwannahavefunds.com/2008/01/the-age-of-the-refi-renaissance/ Breaking Financial Ceilings One Stiletto At A Time! Wed, 07 Jan 2009 01:21:21 +0000 http://wordpress.org/?v=2.6 By: Ginger http://www.girlsjustwannahavefunds.com/2008/01/the-age-of-the-refi-renaissance/#comment-1093 Ginger Wed, 23 Jul 2008 00:49:45 +0000 http://www.girlsjustwannahavefunds.com/2008/01/23/the-age-of-the-refi-renaissance/#comment-1093 OUCH! Ours dropped around 35k from 1 year ago :-( OUCH! Ours dropped around 35k from 1 year ago :-(

]]> By: Save money on homeowners inurance http://www.girlsjustwannahavefunds.com/2008/01/the-age-of-the-refi-renaissance/#comment-1092 Save money on homeowners inurance Tue, 22 Jul 2008 23:00:49 +0000 http://www.girlsjustwannahavefunds.com/2008/01/23/the-age-of-the-refi-renaissance/#comment-1092 Hey Pete, You're lucky your house only dropped in value by $20,000. I live in Sacramento CA and 2 years ago my house appraised at $410,000 now houses in the area are selling for $225,000. OUCH! I hope the prices start to rebound soon. Refinancing is just not an option for me right now. Hey Pete,

You’re lucky your house only dropped in value by $20,000. I live in Sacramento CA and 2 years ago my house appraised at $410,000 now houses in the area are selling for $225,000. OUCH!

I hope the prices start to rebound soon. Refinancing is just not an option for me right now.

]]> By: Pete http://www.girlsjustwannahavefunds.com/2008/01/the-age-of-the-refi-renaissance/#comment-157 Pete Wed, 23 Jan 2008 14:18:38 +0000 http://www.girlsjustwannahavefunds.com/2008/01/23/the-age-of-the-refi-renaissance/#comment-157 My wife and I are just starting looking into refinancing our 6.5% fixed rate mortgage. We found that our problem is that our house has dropped about $20,000 in value since we bought it a year and a half ago - and because of that we would have to purchase mortgage insurance because our equity in the home has gone below 20%. We have good credit - so refinancing isn't a problem, but having to purchase mortgage insurance could kill the deal. We're going to continue looking at our options - maybe see if we can find someplace that will give us a better appraisal -and a lower rate. Right now it is a bit frustrating. My wife and I are just starting looking into refinancing our 6.5% fixed rate mortgage. We found that our problem is that our house has dropped about $20,000 in value since we bought it a year and a half ago - and because of that we would have to purchase mortgage insurance because our equity in the home has gone below 20%. We have good credit - so refinancing isn’t a problem, but having to purchase mortgage insurance could kill the deal. We’re going to continue looking at our options - maybe see if we can find someplace that will give us a better appraisal -and a lower rate. Right now it is a bit frustrating.

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