As title states, I am signing my closing tomorrow for my refinance!
I just turned 28. I bought my house March of 2019 (turned 27 at that time). Even though my credit scores were 780, I got 4.75% int rate.. which was slap in the face because I always paid more each month for any loans I had.
Prior to getting a mortgage, I was able to pay off my 25k student loans in 1 year (worked 7 days a week with 2 jobs). Paid off my Mazda 2016 isport year and half.
Due to this pandemic, I was one of the lucky people in this economy that was able to keep my job and will have my job since our company just made more money due to pandemic. (I work for private equity in NYC).
I have plenty of savings and cash to put more money in the stock market and also decided to look into refinance and glad I did. I went from 4.75% to 3.25%! It’s going to save me $400 a month! (Closing cost ~$4500) Planning to still pay my mortgage off in 4 - 5 years though.
Submitted May 20, 2020 at 09:51PM by yukidjesus https://ift.tt/3g8X8x1
