Posted on: 16th Jun, 2009 02:59 pm
I owe 255k on my condo in oakland. The loan to value ratio is about 105 so I qualify fro HASP.
My broker is giving me 5.5% for 30 yr fixed, 3k closing cost. Talked to Bank of America & wells fargo, there rates are higher.
Should I wait or re-fi now? I want to own this place for at least 5-10 years, may be more...
Susie
My broker is giving me 5.5% for 30 yr fixed, 3k closing cost. Talked to Bank of America & wells fargo, there rates are higher.
Should I wait or re-fi now? I want to own this place for at least 5-10 years, may be more...
Susie
sounds pretty decent to me.
Yes that is a good rate today.
that is definitely a fair rate and closing cost estimate
coep1234cl
welcoem to forum
the rates looks good for the current market condition
you need to look at the long terms gain or losses if you go with this laon or stay with the existign loan.
as you saif you are goign to stay there for 5 - 10 years, you need to calculte your total cost if you do nto refinance after 10 years and do the same with teh new loan adding the closign cost to it
you will see how much you save or loose
good luck and feel free to ask
p.s:by the way just ignore the people who are postign to help with yoru mortgage
welcoem to forum
the rates looks good for the current market condition
you need to look at the long terms gain or losses if you go with this laon or stay with the existign loan.
as you saif you are goign to stay there for 5 - 10 years, you need to calculte your total cost if you do nto refinance after 10 years and do the same with teh new loan adding the closign cost to it
you will see how much you save or loose
good luck and feel free to ask
p.s:by the way just ignore the people who are postign to help with yoru mortgage