Signing for my new $1100/month mortgage today! Even if we don't prepay a dime, ever, will be paid off by age 61. I am in heaven. I couldn't find a studio apartment that cheap when I was in college in the early 1990s. So just kind of a perspective thing. & it's a little CRAZY.

I actually was surprised with the kind of lack of mortgage refi experience on the forums and blogs. I saw a lot of questions and general "not knowing what to do."

SO, I was going to post on that a little bit. Share my knowledge of mortgages and what to look out for. & could be helpful since mortgage rates were only the lowest they have ever been, on record, yesterday. Holy Cow!

I meandered into the forums and the posters seemed to have no clue. I saw some comment about all the hype of Fed cutting rates. & waiting for 4.5% interest rates. What are y'all waiting for? I saw 4.75% with no points, yesterday.

Interestingly, 15-year rates were about the same. So the dealings are only good for 30-year loans.

Oh, I know you are waiting for 4.5%, some of you. Yeah, good luck with that. I like sure things.

Well, I am glad to be done. We did a refi in a popular time that ended up taking FOUR MONTHS. & it was the time we were pulling out the down payment for our current home - so it took about three months too long. I was just worried in the mad rush that it may not go so fast.

Anyway, so though we paid a little more for this one, the one week refi was WELL worth it. I will be referring this mortgage guy to my friends, for sure. He was really great. He kind of read my mind. I didn't have to FIGHT for the no impounds, and all that, like we usually do. He sensed I was extremely conservative and kind of just knew what I wanted so I didn't have to fight for anything. Perfect example, thought we rolled the loan costs in, I didn't want to finance the interest for December. He asked me if I wanted to pay cash for that. Who does that? Boy, he had me figured out. So we will go with a check for about $900 today to cover December interest. & we paid $350 to the appraiser, so we kind of just paid our usual $1300 and didn't finance that part. Phew.

Anyway, I wanted to do a post on mortgages and refis, BUT I have to get to work so I am going to go. I hope I will have time to do it today or tomorrow.

I guess it would be more helpful if I could post more timely. But it's BUSY here! Hehe.

But yeah, I'll do that post, and since the refi will be done, you won't have to hear about it any more. I am a wee bit excited and all I can think about really. !!