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