A great way to start the day... - The 1947 - Present Chevrolet & GMC Truck Message Board Network

jb1016 · 01-20-2010, 10:49 AM

Just finished signing the closing papers on my home refi. Went from 6.625% to 5.25%, meaning I'll be saving about $165 a month!

Thanks for letting me share my excitement

BarryB · 01-20-2010, 10:59 AM

Thats good,this must mean more truck parts are in your future.

**N2TRUX** · 01-20-2010, 11:13 AM

Now if you can keep paying that 165.00 toward principal each month it will be even better.

Congrats on the re-fi. The only way I can get mine lower is an ARM, and that ain't going to happen.

**old Rusty C10** · 01-20-2010, 11:55 AM

you got a nice deal there... lol truck parts or principle man thats a tough one!!

vectorit · 01-20-2010, 11:57 AM

Right on! I am in the process of doing mine right now to.

67ChevyRedneck · 01-20-2010, 12:03 PM

Congrats!!!

Quote:

Originally Posted by N2TRUX

Now if you can keep paying that 165.00 toward principal each month it will be even better.

You'll pay your house off YEARS ahead of time and you'll save enough money in interest to buy a whole 'nother truck, and I don't mean a cheap crappy one either...

TheDark1 · 01-20-2010, 12:06 PM

Congrats. I did the same thing in 2002. Saved us over $50k in interest. That's a lot of toys. I went for the same note on less time though. The refinanace saved me 8 years and paid extra every month to save another 7 years. I ate a lot of boloney sandwiches to save money. Looking back, it was worth it knowing it should be paid off this year...I hope.

jb1016 · 01-20-2010, 07:58 PM

Thanks guys. I wish I was gonna be able to sink some of the money into my truck, but the truth is I really have to build up my savings account...I've got pretty good insurance (life on the wife, life/disability on me), and a decent little nest egg of a 401K, but our short term savings, aka emergency fund, is hurting. So that $165 a month is probably gonna get squirreled away, at least for a while...and then it will probably go towards principal. Maybe I'll live long enough to retire, and then I can drop big money on my truck...if we're not all driving hover cars by then.

01-20-2010, 10:59 AM	#2
BarryB Senior Member Join Date: Jul 2006 Location: Blountville, Tn. Posts: 3,904	Re: A great way to start the day... Thats good,this must mean more truck parts are in your future. __________________ We could learn a lot from crayons... Some are sharp; some are pretty;and some are dull. Some have weird names; and all are different colours;but they all have to live in the same box. You may be only one person in the world, But you may also be the world to one person. * Some mistakes are too much fun to only make once. Two rules in life. 1. Never sweat the small stuff! 2. Everything is small stuff!

01-20-2010, 11:13 AM	#3
N2TRUX Happy to be here Join Date: Mar 2000 Location: Cypress, TX Posts: 39,023	Re: A great way to start the day... Now if you can keep paying that 165.00 toward principal each month it will be even better. Congrats on the re-fi. The only way I can get mine lower is an ARM, and that ain't going to happen. __________________ Follow me on Facebook and Instagram @N2trux.com Articles- "Jake" the 84 to 74 crewcab "Elwood" the77_Remix 85 GMC Sierra "Scarlett" "Refining Sierra"

01-20-2010, 11:55 AM	#4
old Rusty C10 Robert Olson Transport Join Date: Oct 2002 Location: recent transplant to NC USA Posts: 20,275	Re: A great way to start the day... you got a nice deal there... lol truck parts or principle man thats a tough one!! __________________ Bob 1951 International running on a squarebody chassis "If a man's worth is judged by the people he associates himself with, then i am the richest man in the world knowing some of the fine people of this board" http://67-72chevytrucks.com/vboard/a...t.php?f=25&a=9 (you can review the site rules here!) PM Me for your vehicle/parts hauling needs in the North East US or see my Facebook page Robert Olson Transport Live each day to the fullest.. you never know when fate is going to pull the rug out from under you... I hate cancer!!

01-20-2010, 11:57 AM	#5
vectorit What? Join Date: Jun 2007 Location: Southern California Posts: 7,617	Re: A great way to start the day... Right on! I am in the process of doing mine right now to. __________________ Chris 1968 K20 Suburban 1972 K10 LWB PU

01-20-2010, 12:06 PM	#7
TheDark1 Intentionally Left Blank Join Date: Dec 2008 Location: Broussard, LA Posts: 355	Re: A great way to start the day... Congrats. I did the same thing in 2002. Saved us over $50k in interest. That's a lot of toys. I went for the same note on less time though. The refinanace saved me 8 years and paid extra every month to save another 7 years. I ate a lot of boloney sandwiches to save money. Looking back, it was worth it knowing it should be paid off this year...I hope. __________________ 1965 C-10 Short Fleet 468/TKO 5-Speed 2004 2500HD Crew 496/Ally Blacked Out (SOLD!!) 1997 Formula WS6 2004 Jeep Wrangler (Sold) 2013 Jeep Wrangler (Sold) 2017 Jeep Wrangler (Blacked Out on 35's) 2011 GMC D-Max Dually Denali 3500HD (Sold) 2015 GMC D-Max Dually Denali 3500HD (Sold) 2018 GMC D-Max Dually Denali 3500HD (Sold) 2020 D-Max Dually Denali on 33x12.50's 1979 GMC Short Bed Step-Side 4x4 350/350 Low Miles



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