Refinancing mh

[Glenn Briglio]

Need to refinance my Axis mh. Suggestions of what companies to use?

[jannnda]

Originally Posted by Glenn Briglio

Need to refinance my Axis mh. Suggestions of what companies to use?

I received a flyer in the mail. Was going to call but had a chance to take the MH to a campground. When I get back on Monday I will send you the info.

[Bob Denman]

Originally Posted by Glenn Briglio

Need to refinance my Axis mh. Suggestions of what companies to use?

Who do you have it with now?

[Glenn Briglio]

Originally Posted by jannnda

I received a flyer in the mail. Was going to call but had a chance to take the MH to a campground. When I get back on Monday I will send you the info.

Yes I got a flyer too from good sam. Thank you

[Glenn Briglio]

Originally Posted by Bob Denman

Who do you have it with now?

State farm

[ducksface]

Why?
That's the most important part.
If you're not going to tell us the terms you now have and the reason you might as well open the yellow pages and start calling random banks.
At least they'll be local.

[jannnda]

Originally Posted by Glenn Briglio

Yes I got a flyer too from good sam. Thank you

It was not good sam

[GTM41261]

Not trying to be rude but instead of refinancing can you make an extra $100. payment maybe more to get it paid off quickly instead of giving the bank interest money every month.

[Bob Denman]

We have ours through Bank of The West. We then re-financed with them, and saved over 2% on the interest rate.

[Judge]

I got an e-mail Good Sams as well about MH refinancing.

My current rate is 5.49%. They are offering 4.49% for similar loan amount and term. When I used their calculator to determine the payment, it was only a few dollars less ($6) than my current payment.... and that was with using $5000 less than my current balance.

I suspect they have some hefty refinancing fees.

I was already adding a few extra dollars to each payment so I may just increase it and that will have the same effect as a lower APR in terms of paying less interest... and paying it off sooner.

[taylorbob1]

Originally Posted by Judge

I got an e-mail Good Sams as well about MH refinancing.

My current rate is 5.49%. They are offering 4.49% for similar loan amount and term. When I used their calculator to determine the payment, it was only a few dollars less ($6) than my current payment.... and that was with using $5000 less than my current balance.

I suspect they have some hefty refinancing fees.

I was already adding a few extra dollars to each payment so I may just increase it and that will have the same effect as a lower APR in terms of paying less interest... and paying it off sooner.

I’m in similar situation
I have a lower balance at 4.99 thru BofA.
Good SAMs is quoting me a savings of 60 basis points, but the decrease in payment is negligible.

So, I agree with you and others...throw extra towards the principle each month.

By the way...closing on a home Re-fi at 2.99% this week. I hit the market just right.
And, in other news...still waiting on the stimulus/aid deposit.

[Glenn Briglio]

I already make payments to knock down principal. Looking to cut interest charges and years off of loan

[ducksface]

Blocked.

[Squerly]

Originally Posted by ducksface

Blocked.

??? Sorry, what does "Blocked" do?

[ducksface]

Originally Posted by Squerly

??? Sorry, what does "Blocked" do?

It allows me to not see posts from a blocked member.
If asked or told something and their response ignores questions or answers already given them, repeatedly, I block them so as to not find I respond to them in future threads only to get the get same lack of response or selfishness or misinformation.

Click
User cp on the upper left of the screen below the splash title.
Look in the column on the left.
Toward the lower end of that column you'll see
edit ignore list.
Click it, type in the full or partial name of the offending member, select from the drop down provided.
Click save changes (or something like that)
A list of blocked members will show.
You can remove them from your blocked list easily with just
Uncheck the box
Click save changes.

[Squerly]

Originally Posted by ducksface

It allows me to not see posts from a blocked member.
If asked or told something and their response ignores questions or answers already given them, I block them so as to not find I respond to them in future threads only to get the get same lack of response or selfishness or misinformation.

Well how about that, who knew? Learn something new everyday.

So I guess the rules of using a feature this powerful is that we notify everyone that we have implemented it?

[ducksface]

Originally Posted by Squerly

Well how about that, who knew? Learn something new everyday.

So I guess the rules of using a feature this powerful is that we notify everyone that we have implemented it?

I don't.
I did here due to the sparsity of return answers about such a life changing action and the disregard for the questions asked and the answers given by those people trying to address the initial sparse question.

A wake up call, I hope, so the offender might participate, actuate, manipulate, masticate, extrapolate, communicate and regard the time spent by those members trying to honor their request.
No other reason.

[jabrabu]

Originally Posted by Bob Denman

We have ours through Bank of The West. We then re-financed with them, and saved over 2% on the interest rate.

Bob,
Can you give some more details on the rates and terms? Are there fees to refinance?


I also have my loan through Bank of the West. My rate is 5.74%. Is your new rate significantly lower than this? It doesn't seem like they'd have any incentive to refinance at a lower rate unless they charge some fees. Or maybe they just want to keep you from refinancing with someone else.


I do pay some extra principal every month -- trying to keep from being upside down as it depreciates. But it would be great if I could also have a lower interest rate.


You can reply privately if you prefer. Thanks.

[Bob Denman]

I refinanced late last Fall... There were no closing fees.
3.89%

[jannnda]

Originally Posted by Bob Denman

I refinanced late last Fall... There were no closing fees.
3.89%

Wow that’s great!! Where did you get 3.89%?