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Can someone give me a couple pointers about new home re-fi

Posted on 3/2/15 at 5:56 pm
Posted by TIGRLEE
Northeast Louisiana
Member since Nov 2009
31493 posts
Posted on 3/2/15 at 5:56 pm
Built a house and closed in nov.
I've never studied up on this, seems like I've been getting home refi mail for years now.
4.25 is my rate currently.

Getting stuff weekly about refinance at 3.25 preapproved up to 420k...
I'm under that # so I'm curious if that is something we should look into.
Not interested in ever selling house.

Thanks
This post was edited on 3/2/15 at 5:57 pm
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35561 posts
Posted on 3/2/15 at 6:19 pm to
The loan typically has to season for 6 months minimum before you can even consider refinancing.
Posted by barry
Location, Location, Location
Member since Aug 2006
50346 posts
Posted on 3/2/15 at 7:56 pm to
quote:

Getting stuff weekly about refinance at 3.25 preapproved up to 420k...
I'm under that # so I'm curious if that is something we should look into.
Not interested in ever selling house.



1) you have to wait longer
2) I doubt you could get 3.25 on a 30 year, assuming thats what you have now.
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