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Dec 30th, 2023
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 VA Refinance into The 4's
#15195488
09/19/24 06:06 PM
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Joined: Mar 2007
Posts: 1,947
Gibby
OP
Extreme Angler
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OP
Extreme Angler
Joined: Mar 2007
Posts: 1,947 |
PSA to hopefully help some of y'all and to promote my business.....
I just quoted a client on a VA Streamline refinance at 4.875% with an APR of 4.993%.
It’s been years since I’ve quoted a rate in the 4's, and this move is saving my client nearly $700 a month. While they are paying a bit in points to get there, the savings make it well worth it.
If you bought your home in the past couple of years when rates were elevated—especially with VA or FHA financing—it’s definitely worth considering a refinance now.
Waiting for rates to drop further? You *could* be right, but after the Fed’s 50 bps cut yesterday and talk of more cuts ahead, mortgage rates have actually ticked up both yesterday afternoon after the cut and today.
If you want to explore your options and see what savings might be available to you, shoot me a message. I'm happy to show you some numbers.
Ryan Gibson Senior Mortgage Broker Alliance Mortgage Group Cell: 214-763-6394 rgibson@alliancemtggroup.net www.ryangibsonmortgages.com*Please email or text me for the quickest response. I sometimes go days without checking the TFF.
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 Re: VA Refinance into The 4's
[Re: Gibby]
#15195545
09/19/24 07:09 PM
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Joined: Apr 2010
Posts: 27,676
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 27,676 |
What kind of rates are you seeing on standard Fannie/Freddie refi’s? My brother bought a year ago at 6.75%
Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
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Re: VA Refinance into The 4's
[Re: Gibby]
#15195757
09/19/24 11:21 PM
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Joined: Mar 2007
Posts: 1,947
Gibby
OP
Extreme Angler
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OP
Extreme Angler
Joined: Mar 2007
Posts: 1,947 |
Everything depends on a few different things. Credit score, loan amount, paying points versus not, etc...
When you say standard Fannie/Freddie, do you mean Conventional?
Ryan Gibson Senior Mortgage Broker Alliance Mortgage Group Cell: 214-763-6394 rgibson@alliancemtggroup.net www.ryangibsonmortgages.com*Please email or text me for the quickest response. I sometimes go days without checking the TFF.
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Re: VA Refinance into The 4's
[Re: Gibby]
#15196189
09/20/24 02:06 PM
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Joined: Apr 2010
Posts: 27,676
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 27,676 |
Yes non-FHA/VA
No points, 750+ credit, loan approx $450k, 80% LTV
Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
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Re: VA Refinance into The 4's
[Re: Gibby]
#15196212
09/20/24 02:42 PM
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Joined: Mar 2007
Posts: 1,947
Gibby
OP
Extreme Angler
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OP
Extreme Angler
Joined: Mar 2007
Posts: 1,947 |
Ryan Gibson Senior Mortgage Broker Alliance Mortgage Group Cell: 214-763-6394 rgibson@alliancemtggroup.net www.ryangibsonmortgages.com*Please email or text me for the quickest response. I sometimes go days without checking the TFF.
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