y***n
发帖数: 114 | 1 We just refinanced our house a couple of months ago and are thinking about
doing it again since the rate is quite low these days. Are there any cons if
we refinance too often? We will use no-point no-fee so apparently there is
no cost to us. But still we want to confirm this here. Any suggestions?
Thank you all! |
s**********d
发帖数: 36899 | 2 每次两个loan会overlap一两天，你付两边的利息。 |
n*******9
发帖数: 3244 | 3 you are simply extending your loan team and helping your loan officer making
money if you are talking about no cost refi.
if
is
【在 y***n 的大作中提到】
: We just refinanced our house a couple of months ago and are thinking about
: doing it again since the rate is quite low these days. Are there any cons if
: we refinance too often? We will use no-point no-fee so apparently there is
: no cost to us. But still we want to confirm this here. Any suggestions?
: Thank you all!
|
r*********r
发帖数: 110 | 4 You're throwing the interest you paid on your previous loan down the drain. |
y***n
发帖数: 114 | 5 But I can shorten the term by paying extra principal every month, right?
For example, assume I have the initial loan at year 1, and then refinance at
year 2 with a new 30 years term, so it will take 31 years in total to pay
off the mortgage. However, if I keep paying the same amount as before I do
the refinance, with the lower interest rate, I can pay off the mortgage even
less than 30 years. Am I right? Is there any other downside of refin?
making
【在 n*******9 的大作中提到】
: you are simply extending your loan team and helping your loan officer making
: money if you are talking about no cost refi.
:
: if
: is
|
f****i
发帖数: 20252 | 6 不划算
算复利的时候期限延长了
at
even
【在 y***n 的大作中提到】
: But I can shorten the term by paying extra principal every month, right?
: For example, assume I have the initial loan at year 1, and then refinance at
: year 2 with a new 30 years term, so it will take 31 years in total to pay
: off the mortgage. However, if I keep paying the same amount as before I do
: the refinance, with the lower interest rate, I can pay off the mortgage even
: less than 30 years. Am I right? Is there any other downside of refin?
:
: making
|
y***n
发帖数: 114 | 7 Do not quite understand. Could you explain the details with an example?
【在 f****i 的大作中提到】
: 不划算
: 算复利的时候期限延长了
:
: at
: even
|
f****i
发帖数: 20252 | 8 网上找个extra payment mortgage calculator自己算一下
10万刀30年plan用extra payment20年付清，
跟普通20年plan
用同样的利率比较
【在 y***n 的大作中提到】
: Do not quite understand. Could you explain the details with an example?
|
y***n
发帖数: 114 | 9 Got your point, and what you said is all correct. But this does not apply in
my case.
My question is not to compare extra payment with no extra payment at the
same interest rate but different loan term. Rather, what I want to say is if
I keep making the same monthly payment, refinance can shorten the loan term
and save the interest paid.
【在 f****i 的大作中提到】
: 网上找个extra payment mortgage calculator自己算一下
: 10万刀30年plan用extra payment20年付清，
: 跟普通20年plan
: 用同样的利率比较
|
c****o
发帖数: 32446 | |
|
|
y***n
发帖数: 114 | 11 Got your point, and what you said is all correct. But this does not apply in
my case.
My question is not to compare extra payment with no extra payment at the
same interest rate but different loan term. Rather, what I want to say is if
I keep making the same monthly payment, refinance can shorten the loan term
and save the interest paid.
【在 f****i 的大作中提到】
: 网上找个extra payment mortgage calculator自己算一下
: 10万刀30年plan用extra payment20年付清，
: 跟普通20年plan
: 用同样的利率比较
|
f****i
发帖数: 20252 | 12 30年的贷款过了3年就是27年的了
refi一下，如果还是30年，那就等于30年跟33年相比，假如利率一样，就算你用extra payment，27年付清，你亏了手续费
如果refi成27年的，利率降低，那你才有可能赚
in
if
term
【在 y***n 的大作中提到】
: Got your point, and what you said is all correct. But this does not apply in
: my case.
: My question is not to compare extra payment with no extra payment at the
: same interest rate but different loan term. Rather, what I want to say is if
: I keep making the same monthly payment, refinance can shorten the loan term
: and save the interest paid.
|
l*****g
发帖数: 124 | 13
extra payment，27年付清，你亏了利息跟手续费
~~~~这个不对吧???
比如贷 X 的 LOAN, 利率 Y1%, 30年,每月PAYMENT Z1.
CASE1. 如果每月正常付PAYMENT,30年还清,那么总共付Z1*360,利息共付Z1*360-X;
CASE2. 前三年每月正常付PAYMENT,假设PRINCIPAL还剩X1(X1
年,利率 Y2% (Y2
如果REFINANCE后每月还付Z1, W年后还清(W<30).最后共付
Z1*36 + Z1*12*W,利息共付Z1*(36+12*W)-X.
可见,只要W<27,就可以考虑REFINANCE (假设30年不搬家,REFINANCE NO COST)
【在 f****i 的大作中提到】
: 30年的贷款过了3年就是27年的了
: refi一下，如果还是30年，那就等于30年跟33年相比，假如利率一样，就算你用extra payment，27年付清，你亏了手续费
: 如果refi成27年的，利率降低，那你才有可能赚
:
: in
: if
: term
|
y***n
发帖数: 114 | 14 我大概明白你的意思了，怪我没说清。如果REFI的话，利率肯定要降低的，而且是NO
POINT NO FEE。否则我也不干呀。
我现在的情况是首先没可能REFI成27年的，而且利息嘛是用30年的高利率（不REFI）和
3年高利率加上27年的低利率（在３年后REFI）来比的，应该还是合算的。不可能说在
不延长总体TERM的情况下，降低利率反而来得亏。
谢谢。
extra payment，27年付清，你亏了利息跟手续费
【在 f****i 的大作中提到】
: 30年的贷款过了3年就是27年的了
: refi一下，如果还是30年，那就等于30年跟33年相比，假如利率一样，就算你用extra payment，27年付清，你亏了手续费
: 如果refi成27年的，利率降低，那你才有可能赚
:
: in
: if
: term
|
y***n
发帖数: 114 | 15 沧海一声笑这个跟我说的是一个意思。
30
【在 l*****g 的大作中提到】
:
: extra payment，27年付清，你亏了利息跟手续费
: ~~~~这个不对吧???
: 比如贷 X 的 LOAN, 利率 Y1%, 30年,每月PAYMENT Z1.
: CASE1. 如果每月正常付PAYMENT,30年还清,那么总共付Z1*360,利息共付Z1*360-X;
: CASE2. 前三年每月正常付PAYMENT,假设PRINCIPAL还剩X1(X1: 年,利率 Y2% (Y2: 如果REFINANCE后每月还付Z1, W年后还清(W<30).最后共付
: Z1*36 + Z1*12*W,利息共付Z1*(36+12*W)-X.
: 可见,只要W<27,就可以考虑REFINANCE (假设30年不搬家,REFINANCE NO COST)
|
f****i
发帖数: 20252 | 16 No fee也得出appraisal fee之类的吧？一般得大于0.5%利率差才会划算
【在 y***n 的大作中提到】
: 我大概明白你的意思了，怪我没说清。如果REFI的话，利率肯定要降低的，而且是NO
: POINT NO FEE。否则我也不干呀。
: 我现在的情况是首先没可能REFI成27年的，而且利息嘛是用30年的高利率（不REFI）和
: 3年高利率加上27年的低利率（在３年后REFI）来比的，应该还是合算的。不可能说在
: 不延长总体TERM的情况下，降低利率反而来得亏。
: 谢谢。
:
: extra payment，27年付清，你亏了利息跟手续费
|
s**********d
发帖数: 36899 | 17 唯一的一点是rate。lower rate = save.
period。 |
G*****m
发帖数: 5395 | 18 我找了一个
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
算出来没区别？
【在 f****i 的大作中提到】
: 网上找个extra payment mortgage calculator自己算一下
: 10万刀30年plan用extra payment20年付清，
: 跟普通20年plan
: 用同样的利率比较
|
f****i
发帖数: 20252 | |
