07-27-2016, 05:45 PM
Apoc Wrote:We just refinanced from a 7/1 and a HELOC to a single JUMBO 30 year fixed. We didn't get quite the rate you did, but our payment went up only ~8% to convert to a fixed, even though it's a JUMBO. There are no out of pocket costs and we'll get a check for $1200 at closing.
What lender did you use? I keep knocking around the idea of a refi, but it looks like the break-even to cover points/closing costs with my lender is about 3 years, and I dont think I'll be in this house that much longer.
WRXtranceformed Wrote:We were fortunate because real estate and taxes are relatively cheap in SC. Our new home is 3200 finished sq. ft., 5 bedrooms, 2 car garage, 10' ceilings, custom trim, gourmet kitchen, Energy Star certified, etc. etc. on a desirable lot and we didn't even come close to hitting jumbo territory (offer was < $300k)
Fuck. I've said it before, but... well you guys know the drill. My 1800 sq ft, 3 br, no garage townhouse would sell for $440k.