How many of you are refinancing this year? I think that I should, but I have friends in the real estate game who think I should wait. If you have reasons for or against refinancing now, let me know in the comments!!

like
Posting as :
works at
You are currently posting as works at

F.

You should wait. The STRONG expectation is rates are going down

That’s been the mentality since late 2023, and while rates have come down, they haven’t come down as fast as anyone expected

What rate and term are you at now, and what rates are you seeing on a refi?

I won’t be refinancing because all my mortgages are below 4%. But overall, this is a pretty simple math equation.

Equation is:
Savings over current payment / cost to refi = months to “break even”.

If you think rates will drop significantly before that break even period, and refi costs will remain the same or go down, then don’t do it.

I don’t know how 10 year rates compare to 15 or 30 year rates, but from what I know about those rates, you may not see much of a savings. If you can get a no cost refi that is at least a half point lower, it’s probably worth it. If there are costs involved, and/or it’s less than a half point, then it’s probably not worth it.

Related Posts

I am joining on 2 November but haven’t received any onboarding details. Do I need to follow up with the HR.

Hi, I am interviewing netcracker. EOY 10 years in UI development. HR is saying I will have to again give managerial technical round even though I had completed 2 tech round followed by HR round. Can anyone spread light in below areas
1. How's the WLB ?
2. How's the Job security - I have seen many reviews about frequent layoff
3. Is there really quarterly appraisal and hike ?

Is it better to choose Nutanix over VMware, if Nutanix is compensating way more?

Dear friends, do not believe every spirit, but test the spirits to see whether they are from God, because many false prophets have gone out into the world. This is how you can recognize the Spirit of God: Every spirit that acknowledges that Jesus Christ has come in the flesh is from God, 3 but every spirit that does not acknowledge Jesus is not from God. This is the spirit of the antichrist, which you have heard is coming and even now is already in the world. (1 John 4).

likeuplifting

How many of y'all are on CCPA projects and how are you staying sane?

Best YouTube channel to learn Salesforce?

like

Anyone got such mail : IBM – We have great news! Benefit by advancing to December,2021
Actually my doj is 20 January,2022.

Hi All,
Looking for job change .(Application /production support)
YOE :7+
Some one please refer me.

like

Do IBM has offices in Mumbai location??
More precisely for SAP practise in Airoli?? IBM

like

Can anyone from PWC refer me for this jobId - 290782WD. I'm looking for Salesforce developer position.
Any referral would be a great help to me!

like

I am a UX designer who has completed a Google certification program along with a resume and professional portfolio. However, I’ve struggled to find a job (remote). Any advice or resources I could use? Or are there any employers currently hiring and are interested? I’d be happy to hear from you.

like

Hi all, when do y’all think is a good time to have the “what are we”/“are we exclusive” talk? After how many dates?

like

I bombed a question in my interview! Feeling horrid

like

Any idea on which IT/application course/platform would be better for someone from BA (English) who has no idea on coding to get into IT domain?

like

Any pgs, flats nearby opentext bangalore office??(near intermediate ring road)

like

Hello Fishes

Got two offer as Data Analyst , but I'm not sure of how much CTC I can ask.
It would be a great help if I get some idea from you people

My current CTC : 7.38 LPA
Year of Experience : 2.5
Current role : System Engineer [ Mainframe engineer]

like

Do we know who the new BBDO recruiter is? Thanks Chicago fish!

like

Got a Call from Tiger Analytics HR that I'm selected for a DE role after 2 rounds. He told me the offer on call but even after 2 days no mail. What should I do or consider it as ?Tiger Analytics

like

I applied for a PM role at TikTok over a month ago and my application status has been “Evaluation Passed” for several weeks but I haven’t been contacted about any next steps. Is it typical to wait this long to hear anything?

like

Doing some career planning and wanted some advice. I have 4 years for project management experience in production and I just started PMing at an ad agency.

1.How long should I stay in this position before making my next move?
2. What should my next move be?! (Stay in the company and try to scale up or move on.)
3. Would getting my PMP at this point be helpful?

like

Additional Posts in The Real Estate Bowl

Got a letter of default and acceleration notice from bank who repurchased my mortgage due to what they thought was mortgage fraud but wasn’t. I’m contacting a lawyer but has anyone gone through this? I know they want it off their books and suggesting I refinance but my rate will increase and they’re demanding legal fees too

like

I'm a first time home buyer and got pre qualified back in Jan. Hard pull on credit docked me a few points. I wasn't able to close and now considering another hard pull for a different mortgage company offering better rates.
I'm new to this and this may be a stupid q but I'm looking for input from the bowl on whether to do this hard pull and get pre-qualified with a few more mortgage companies. Any advice is appreciated. Thank you

like

For anyone that has bought a townhome from Lennar, are the walls fairly well insulated for sound?

What, if any, were your main complaints?

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Can I negotiate for a longer pre-approval period? I live in a hot market so likely will take longer than 60-90 days to secure something. Or does the pre-approval auto extend without a bunch more paper work?

like

We just moved into a 50 year old house. We got the popcorn ceiling removed in the garage plus had the walls done. We didn’t use an official asbestos expert because of the price.

The horrible, dirty people that lived there before us left us a crappy mess. Hope we are not exposed, nor the neighbors.

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

I have the opportunity to buy a new build in ATX for 310k at 5.625% 30 year. Should I buy it? I can either:
1) rent it out
2) sell it

It's not my primary and I don't need it to live in. The news about a housing market crash is worrying me. Any advice?

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Tomorrow is a big day for me!
Made a written offer on an apartment on Sunday. Owner‘s starting price was 500k. My offer is 450k. He thanked me and we are meeting this weekend to „negotiate“. Tips?

Any one knows what’s the easiest way to order a radon test for new construction?

like

Currently looking for a roommate to share a 2 bed apt with in suffolk county long island. Message me if you are interested. Budget around 1300-1600

like

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

Any one familiar with Ocala FL. Does it flood? Would you send your children to the public schools? Is it a good place to live and raise a family?

like

Where are you buying your kitchen cabinets? Used Ikea in the past but that's clear not going to work right now.

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

like

Anyone got a loan with Guaranteed Rate? Started looking for a condo(Chicago) and keep seeing them pop up. Looks like they charge $1290 lender fee, but wanted to see if anyone had experience with them

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal