10
Apr

Aloha Friday #7

Archived in the category: Aloha Friday
Posted by: Jen - 8 Comments

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If you’ve never seen Aloha Friday then here is the run down from Island Life….

In Hawaii, Aloha Friday is the day that we take it easy and look forward to the weekend. So I thought on Fridays I would take it easy on posting too. Therefore, I’ll ask a simple question for you to answer. Nothing that requires a lengthy response.

If you would like to participate, just post your own question on your blog and leave the link below. Don’t forget to visit the other participates! It’s a great way to make new bloggy friends!

Now on to my question of the week:

Since interest rates are so low, will you be refinancing?

For us it wouldn’t be worth it to refinance as we always have been paying extra on our house and our goal is to have it paid off this year, but had we not of done that and still owed 22 years on it, I’m sure we would of been!   The only thing that would of stunk would be that means we would be paying on it for 30 years then instead of 22, unless we would of refinanced for a 15 year fix mortgage.

If you would like to read some more Aloha Friday questions or even participate, just visit An Island Life!

8 comments for “Aloha Friday #7”

1

I think there’s pros and cons to refinancing .. I rent so it’s not something I’m going to have to think about though!

April 10th, 2009 at 3:29 pm
2

We just had our appraisal done today actually!

April 10th, 2009 at 4:02 pm
3

Right now we are renting and looking to relocate soon.. we are talking about buying this next time.. however…its scary in these times to make such huge decisions :(

April 10th, 2009 at 6:23 pm
4

Did that a few years ago and saved lots of money :)

April 10th, 2009 at 6:29 pm
5

We have to wait for the rates to go a little lower since our rate is already 5 1/2%. Wish we were closer to being done!

Congrats on paying your house off this year. That is awesome!

April 10th, 2009 at 7:11 pm
6

My brother just did it and lowered his interest rate 2% and went from a 30 to 15 year with no change in monthly payment. Not sure if it is worth us doing anything now since we already have a decent rate and our credit is locked down thanks to identity theft issues in the past.

April 10th, 2009 at 8:04 pm
7

No I don’t think we will.

April 10th, 2009 at 9:33 pm
8

We refinanced in February and are now saving $369 a month!

April 11th, 2009 at 12:03 am

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