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Message
re: Refinance Opinions
Posted on 7/14/10 at 3:00 pm to MikeBRLA
Posted on 7/14/10 at 3:00 pm to MikeBRLA
quote:
As long as you stay in the house 30+ months it would be a good deal.
The thing that concerns me is I don't have much equity in my home now, so if I had another 3K I would be cutting it even closer.
2
Posted on 7/14/10 at 3:05 pm to Glock17
quote:
The thing that concerns me is I don't have much equity in my home now, so if I had another 3K I would be cutting it even closer.
Why don't you shorten the duration on your loan?
You'll get a little bit better rate and build up equity a lot faster.
Posted on 7/14/10 at 10:30 pm to Glock17
quote:
The thing that concerns me is I don't have much equity in my home now, so if I had another 3K I would be cutting it even closer.
Just put the 100/month you are saving toward principle for 30 months.. and you are back to where you were equity wise.. anything after that is pure savings
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