Comments for Easy Homebuyer's Toolkit http://easyhomebuyerstoolkit.com/blog The Authority on How To Buy A House Thu, 20 Nov 2008 08:24:08 +0000 http://wordpress.org/?v=2.5.1 Comment on Easy Homebuyer’s Toolkit Released! by Lettermall http://easyhomebuyerstoolkit.com/blog/easy-homebuyers-toolkit-released/#comment-6 Lettermall Wed, 23 Jul 2008 05:15:32 +0000 http://easyhomebuyerstoolkit.com/blog/?p=22#comment-6 Psst .. left reply to your post. Psst .. left reply to your post.

]]> Comment on So, what do you need to know? by Moderator http://easyhomebuyerstoolkit.com/blog/what-do-you-need-to-know/#comment-3 Moderator Thu, 07 Feb 2008 01:04:21 +0000 http://easyhomebuyerstoolkit.com/blog/?p=3#comment-3 Great question Mleese! in order to answer it for you specifically however, there are several things to consider: First would be how many years you have left on the current loan. One difficulty is that many of the closing costs are fixed items and so on a relatively small amount (as mortgages go) the typical costs would normally not make it feasable to refinance to a lower rate. Since you asked about a 5 year note, I assume there are not many years left on your current loan. If so, there are two ways to go: 1. Keep your current loan and pay some extra principal payments to pay it off sooner. That will automatically save you quite a bit of money at the end. OR 2. Find a company that will refinance with no or very low closing costs. We will have links to several lenders here on the blog shortly so we can provide direct connections to lenders we would be comfortable recommending. Until then, you can email me at: moderator@easyhomebuyerstoolkit.com And I can provide further information for you. Thanks, Michael Allen Great question Mleese! in order to answer it for you specifically however, there are several things to consider: First would be how many years you have left on the current loan. One difficulty is that many of the closing costs are fixed items and so on a relatively small amount (as mortgages go) the typical costs would normally not make it feasable to refinance to a lower rate. Since you asked about a 5 year note, I assume there are not many years left on your current loan. If so, there are two ways to go: 1. Keep your current loan and pay some extra principal payments to pay it off sooner. That will automatically save you quite a bit of money at the end. OR 2. Find a company that will refinance with no or very low closing costs.

We will have links to several lenders here on the blog shortly so we can provide direct connections to lenders we would be comfortable recommending. Until then, you can email me at:

moderator@easyhomebuyerstoolkit.com

And I can provide further information for you.

Thanks,
Michael Allen

]]> Comment on So, what do you need to know? by mleese http://easyhomebuyerstoolkit.com/blog/what-do-you-need-to-know/#comment-2 mleese Tue, 05 Feb 2008 20:51:02 +0000 http://easyhomebuyerstoolkit.com/blog/?p=3#comment-2 Michael, I have a mortgage of $50,000.00 at 6.625%, with interest rates falling should I refinace and get a 5 year note? If so what company should I contact. Mleese Michael,
I have a mortgage of $50,000.00 at 6.625%, with interest rates falling should I refinace and get a 5 year note? If so what company should I contact.
Mleese

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