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re: UPDATE Contacted today about refinancing my home from my Mortgage Company
Posted on 3/26/15 at 3:52 pm to burgeman
Posted on 3/26/15 at 3:52 pm to burgeman
quote:
$167,681 left to pay off in a home I have been in for less than 2 years. My mortgage company contacted me today offering to lower my interest rate to 3.625% and refinance at $172k, no closing costs.
Thats 4300 in closing cost, you can find a much better deal. I was able to Refi my FHA and my breakeven point was 9 months so it was a no brainer, paid 2600 in closing cost.
1
Posted on 3/26/15 at 4:02 pm to barry
Hmm may have to check around then, I wasn't even thinking about this before being contacted today. Also I am paying pmi right now, $189/month it would drop to $120/month after refinance.
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