| Author |
Message |
|
|
 harringtonk
Joined: 18 Sep 2009
Posts: 1
1.46 Dollars($)
|
 Posted: Fri Sep 18, 2009 11:11 pm Post subject: How do I truly find the best re-fi option with all the bait |
|
|
What questions should I be asking before I re-fi?
Points or no points...? What do you recommend?
Closing costs should average what for MA?
Is $3K reasonable?
What do I need to know before signing?
Does 4.375% no closing, no points seem like a fair rate?
Should I be getting rates from banks or mortgage brokers?
What are the pro's and con's?
Details:
Purchased a Single Family House in MA in 2004 for $379K. Currently owe $280K. Estimated value $350K per B of A on 9/10/09. Credit 770 per B of A on 9/10/2009. Household income $241K. Only debt besides mortgage, one student loan $19K, $250 monthly payments.
I am seeking a 10 year fixed mortgage, currently have a fixed 30 year at 6.125% with B of A,
Please advise, this whole process is confusing! |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7432
Location: bloomfield, ct
66.86 Dollars($)
|
| Posted: Sat Sep 19, 2009 6:02 am Post subject: |
|
|
4.375% with no costs is a spectacular rate and likely to be unobtainable. if you have that sitting on the table from a lender, it would be silly not to pounce immediately. i really don't feel there's more to add here.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
sunnyca2009
Joined: 04 Aug 2009
Posts: 1737
36.13 Dollars($)
|
| Posted: Sun Sep 20, 2009 7:09 pm Post subject: |
|
|
4.375% with no closing is really great rate
Go for it |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7432
Location: bloomfield, ct
66.86 Dollars($)
|
| Posted: Mon Sep 21, 2009 8:49 am Post subject: |
|
|
i guess there was...
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
eric1
Community Experts
Joined: 04 Jan 2009
Posts: 1172
175.80 Dollars($)
|
|
|
