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Bro is refinancing too :)

September 21st, 2012 at 08:49 pm

Went with my bro and sil to the bank today to see about getting them refinanced. They were in a 30 yr loan for 5.3% and also had a small 2nd mortgage (I think like only $5K or $6K) for 6%. They are going to be able to roll them both together now, and go down to a 15 yr for 2.87%! YEAH!! Happy for my bro and very proud of their credit scores that helped them get that great rate. Now when my Godson turns 18 his parents house will already be paid off. Smile

6 Responses to “Bro is refinancing too :)”

  1. NJDebbie Says:

    Wow, 2.87%/15? I thought I got a good deal at 3.75%/15! Good job to your brother and wife! Debt-free is the way to be. / (cheering for them)

  2. Joan.of.the.Arch Says:

    That's the lowest mortgage interest I've ever heard of.

  3. Petunia 100 Says:

    That's awesome. Your entire family is a mortgage-eliminating machine. Smile

  4. My English Castle Says:

    Wow--I'm all about the 15-year mortgage. That's what made our payoff more possible.

  5. Banker Gurl Says:

    Yeah it is a great rate! DH and I got 2.75% for our 10 year. Our family is all about being debt free. My parents are both in their mid 50s and have over 8 rental properties that are all paid off.

  6. Looking Forward Says:

    That is an awesome rate!
    Do your parents like having 8 rental properties? I imagine that is pretty profitable. Smile

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