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re: Should I refinance with these numbers?
Posted on 2/22/13 at 9:05 am to lsursb
Posted on 2/22/13 at 9:05 am to lsursb
3.5 years is nothing with that savings. What you need to check though is that you dont have any changes to PMI. If it was an FHA loan also check to see how the rule changes affect the loan. MPI rates went up about a year ago. So that could put a dent in your savings. If it was a conventional loan it should be a no brainer.
1
Posted on 2/22/13 at 9:14 am to Catman88
The PMI has increased, about $30 a month over what I am paying now, but that still results in about $130 a month saving.
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