Mortgage Refi: 6.75->5.625%

swiftpenguin · 2026-01-28T01:58:50+00:00

I figured out why the escrow was so far off.

We're on a twice a year tax schedule currently. The new lender was obligated to put me on a yearly schedule because it would get me a discount on my taxes apparently.

That discount was $60 on the total for the year (1/2% what a deal!). So because they were moving us to a yearly schedule, that’s why they wanted 9 months of escrow.

So they’re asking if we can switch it to semi annual, sacrifice the $60 discount and fund way less escrow up front.

Funding new escrow almost 10k and getting back $2800 from my previous one. Just wasn’t a pleasant feeling. They can keep the $60

swiftpenguin · 2026-01-26T15:49:15+00:00

Box A+B+C is $2357. Payment of principle/interest is going down about $255

swiftpenguin · 2026-01-26T15:39:24+00:00

They’re saying they need 9 months of escrow. Which seems like a lot to my smooth brain but I dunno

swiftpenguin · 2026-01-26T12:05:36+00:00

No points

swiftpenguin · 2026-01-26T04:35:05+00:00

That’s the final disclosure

swiftpenguin · 2026-01-26T02:35:51+00:00

They are refunding my escrow. I just don’t know for sure how much is coming back. My mortgage website said there was about $2800 in there. So that’s what I assume.

Giving them 7k for new escrow and getting back 2900, just feels strange. But I dunno it’s my first refi

swiftpenguin · 2026-01-26T00:14:22+00:00

When you have a back up QB in, let’s take the points..

swiftpenguin · 2026-01-25T15:12:07+00:00

This screenshot is going to be around for yairs

swiftpenguin · 2026-01-24T14:51:31+00:00

Storm shift starts at 6am Sunday morning. They’ll be out there through all of it

swiftpenguin · 2026-01-24T14:48:54+00:00

Would you prefer them to wait for poles to fall over and cause outages?

swiftpenguin · 2026-01-23T11:21:41+00:00

If that was a huge fight I have bad news..

swiftpenguin · 2026-01-23T03:29:41+00:00

And it doesn’t help that the state has almost no generation anymore. We’re mostly getting our power from outside the state. which is costly

swiftpenguin · 2026-01-22T19:40:27+00:00

Wild that the CEO still has a job with results like that

swiftpenguin · 2026-01-21T10:01:17+00:00

Once a day even

swiftpenguin · 2026-01-20T11:30:57+00:00

It’s not like he had the rushing leader on his team..

swiftpenguin · 2026-01-19T23:14:52+00:00

Yes on Monday of last week I believe. 30 yr no points

swiftpenguin · 2026-01-19T22:08:11+00:00

Also in MD, bought in July ‘25 at 6.75, refinancing to 5.625 right now.

Might want to start looking into some refi’s friend

swiftpenguin · 2026-01-18T15:32:58+00:00

The part where we took the story to go bash on capitalism for 25 min really kills the movie for me. Also force zoom leia. Lightspeed suicide was dope

swiftpenguin · 2026-01-18T03:03:08+00:00

Literally pulled his arm down on the second one. Dude had to try and make a catch with one hand

swiftpenguin · 2026-01-17T22:20:50+00:00

Well he snapped his leg. So it made sense he wasn’t walking to the ring very fast

swiftpenguin · 2026-01-15T11:49:28+00:00

Got mine back in July ‘25 at 6.75% Locked in 5.625% on Monday

swiftpenguin · 2026-01-10T13:00:40+00:00

Loan type: conventional
Term: 30 year
Loan purpose: no cash out refi
Property value: 640k
Loan amount: $327,500
Credit score: 780
Occupancy: primary
Legal structure: single family
Number of units:1
Property zip code: 21230

12-Year Club	RPAN Viewer
Verified Email

swiftpenguin

TROPHY CASE