Monday, June 25, 2012

We Are Locked-In!!

We JUST locked in our interest rate at 3.25%! How amazing is that?!?! We paid .625 points to decrease the rate. We will break even on what we paid in six years and then the following 24 years will just be savings! If anyone is curious about the type of loan we have, it's a VA loan, which means no PMI :)

23 comments:

  1. Oh, that sounds great!!! So happy for you and your house is going to be beautiful.

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  2. That's crazy... congrats!!! How far out from settlement are you?

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    1. Nevermind... just saw your timeline tab!

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  3. YAY!!!! So glad they stayed low for you:) What an awesome rate!

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  4. Wow! It is amazing how low the rates keep going. Congrats!

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  5. My only disclaimer is that we paid points for that rate. I guess I should have included that in my original post! I will edit it to include this information!

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  6. That is great! We can lock in next week. Did you go FHA or Conventional?

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  7. WOW!!! THAT IS AWESOME!! WAY TO GO CMM!! EVERYTHING IS REALLY COMING TOGETHER!!

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  8. Congrats on a great rate and no PMI!

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  9. Wow! What a rate! Congrats!

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  10. Woot! I hope they don't start climbing by the time we're ready to lock them in. Congrats!

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  11. Awesome! We are hoping to do that in a week or two once Dustin has an actual score! :)

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  12. What an amazing rate! Payback of only 6 years on buying the points.....its a no brainer!

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  13. Replies
    1. Our mortgage rep said that VA loans have better rates :)

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  14. I was told the same thing today by our mortgage rep!!

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  15. It is nothing but a dream rate...

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