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glass*usa(Bob) posted an update Tuesday, Feb 16, 2016, 6:25pm EST, 8 years, 3 months ago
Got my mortgage refinanced and closed on it yesterday. I must have been the last person in the country paying on a 7 percent mortgage. For years I figured with my meager self employment income, and my DGF going in and out of part time work that we couldn't refinance. But by now my equity is so high and my payment history is so good, that we were able to refi with the same outfit at 4 1/2 percent. Still above the going rate, but it's no closing cost, low documentation, and no appraisal. It's a done deal and our payments went down by $170/mo.