The Planet Money Listener Race to Refinance
Noel's Profile
Name: Noel Paterson
Location: Maple Valley, WA
Home purchased for $199000 on 10/31/2001
Asking banks to refinance $235000 worth of mortgage.
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- 06.01.2005: 2nd Mortgage - $70K
- 01.12.2009: Appraisal - $263,000
- 01.12.2009: Good Faith - 5.375%
- 01.26.2009: Lost job
- 04.20.2009: Started New Job
- 05.07.2009: Locked rate: 5.375% (+.125% Loan Fee)
- 06.08.2009: Signed paperwork!
- 06.10.2009: Done!
