Anonymous wrote:

Anonymous wrote:I would advise against using Chris Rutledge. I don't want to go into the details of my experience trying to get a home loan with her for fear she would retaliate.

I love anonymous posters who slander others.

But you're fine with people recommending- who may be the person themself?

(I'm not the poster you're responding to, but alleging slander is ridiculous when you are clueless about the truth of the situation.)

Anonymous wrote:I would advise against using Chris Rutledge. I don't want to go into the details of my experience trying to get a home loan with her for fear she would retaliate.

I love anonymous posters who slander others.

I would advise against using Chris Rutledge. I don't want to go into the details of my experience trying to get a home loan with her for fear she would retaliate.

And with a 15 year you'd be paying down principal much faster so if you do decide to sell you would have more equity. And you'd save a lot if money in the long run.

Anonymous wrote:

Anonymous wrote:OP, I think you're doing just fine too. You have sufficient income and you're comfortable.

Yes, you can refinance. I would suggest getting a 15y (or 10yr) mortgage only. How many years do you have left on your first mortgage?

We have 23 years left on the first and 14 years on the HEL.

Why would you recommend a 15 or 10 year term given that it would cause us to have to draw more heavily from our savings?

Because you can probably do a 15y mortgage and pay the same as you're paying now with the new lower rate.

I haven't run the math, but if it is doable you would pay off the lines of credit and ten refinance just the first mortgage and then reopen the line of credit. You could probably add a little fixed debt o your mortgage this way. You would save a few hundred per month.

Anonymous wrote:OP, I think you're doing just fine too. You have sufficient income and you're comfortable.

Yes, you can refinance. I would suggest getting a 15y (or 10yr) mortgage only. How many years do you have left on your first mortgage?

We have 23 years left on the first and 14 years on the HEL.

Why would you recommend a 15 or 10 year term given that it would cause us to have to draw more heavily from our savings?

Anonymous wrote:
OP: Call here. We've refinanced and purchased through her 3x, and had great luck each time.

Christine Rutledge
Senior Loan Officer
Cell- 708-341-9896
Direct- 312-462-1663
Fax- 800-918-0684
NMLS # 271901

Thanks for the contact information. Will make contact with her if we decide to refi.