I'm locked in
#12
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Join Date: Oct 2002
Location: DFW, Texas
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We locked then just closed on 12/31 just in time for rates to slip again. 5.125% 7/23 balloon still isn't too bad. Of course you folks in states that let you do things like cash out(without getting buried) and > 80% finance have it lucky! You can get pretty creative.
By the way, we refied the boat too. Our bank is doing a 6.5% rate (6.25% on >$50k) and a $100 refi fee which they never collected. Wasn't a huge savings but a savings from almost 8% none-the-less. Suntrust is the bank. However, most of you would have to under prop big time to "technically" be eligible. Check the fine print.....
By the way, we refied the boat too. Our bank is doing a 6.5% rate (6.25% on >$50k) and a $100 refi fee which they never collected. Wasn't a huge savings but a savings from almost 8% none-the-less. Suntrust is the bank. However, most of you would have to under prop big time to "technically" be eligible. Check the fine print.....
Last edited by SeaRay Jim; 01-08-2003 at 07:46 PM.