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re: FHA Loan question.
Posted on 12/12/16 at 8:34 am to HYDRebs
Posted on 12/12/16 at 8:34 am to HYDRebs
Depending on your current rate it may or may not be a benefit to you. Lots of factors to consider:
- You gonna be there for awhile?
- You gonna expand your family?
- Your income gonna stay consistent?
- How many months would it take you-if they can lower your rate demonstrably to save you enough money that you feel is worth the process-to pay off the principal they would add to the back end of your loan in order to ensure you wouldn't pay out of pocket?
- Is that increased principal and time in order to start experiencing savings a value to you?
- You gonna be there for awhile?
- You gonna expand your family?
- Your income gonna stay consistent?
- How many months would it take you-if they can lower your rate demonstrably to save you enough money that you feel is worth the process-to pay off the principal they would add to the back end of your loan in order to ensure you wouldn't pay out of pocket?
- Is that increased principal and time in order to start experiencing savings a value to you?
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