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re: Should I Refinance - Please Help!

Posted on 3/31/09 at 11:21 am to
Posted by Mandocello
Beyond The Sun
Member since Mar 2008
188 posts
Posted on 3/31/09 at 11:21 am to
Yep, they force you to keep PMI for 5 years minimum, and 20% of the principal must be paid (I checked with mortgage company a few days ago).

Very unlikely that I could get the principal down that low in the next year and a half - it would take much, much longer than that.

Does having outstanding credit scores help with the refinancing rate??
This post was edited on 3/31/09 at 11:22 am
Posted by coloradoBengal
Member since Sep 2007
32608 posts
Posted on 3/31/09 at 11:24 am to
How much is the refi going to cost you and how long are you certain you will stay in the house?
This post was edited on 3/31/09 at 11:26 am
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