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Would you refinance if your currnt rate is 6.9%?

eric1 · Posted: Wed Oct 07, 2009 4:23 pm Post subject:

Yes, especially if you can get a rate close to 5%. However, other factors would need to be considered such as how much longer you plan to be in the home.

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

RHawkins

welcome to mortgagefit

If you are paying 6.9 currently,surely you will save much more on interest but you need to check it out with your lender.He will look after your credit as well...

keep in touch...

Posted: Thu Oct 08, 2009 9:36 am Post subject:

As stated above, pending your credit is sufficient enough to qualify for a rate below 5.5% this would benefit you. If your Loan To Value ratio is high and you must go FHA, it may not be too beneficial if you have to take out Private Mortgage Insurance.

JKennedySLG · Posted: Thu Oct 08, 2009 9:37 am Post subject:

That is me above. I was signed out. My apologies!!

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