- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is mortgage refinancing worth looking into for me?
Posted on 9/10/19 at 7:27 pm to Tigerfan56
Posted on 9/10/19 at 7:27 pm to Tigerfan56
quote:
We took whatever financing we could get, and our mortgage interest rate is 4.75% on a 30 year fixed. Our house is $200k and we have $172k outstanding on the mortgage. We pay $915/mo in P&I, and an additional $65 a month in PMI.
Try going to your existing lender and ask them to refi at the rates you are seeing. May tell you to pound salt, but I would still look into it with a new lender if so. If you are reducing your rate 1% or more I wouldn't worry about paying down to get rid of the PMI. If it has appreciated the PMI may be negotiable, or at a lower amount. Much rather cut the rate by 25% or more than sitting around waiting to see what rates do over the next 6 - 12 months. This assumes you plan to stay in the house 4 more years or greater.
1
Posted on 9/17/19 at 8:09 am to tirebiter
I am looking into refinance now also as I finished building our house last year. At the time rates were up alot so I am in a 30 year at 5%. I called Lending Tree because I see the ads all over and they have Quicken/Rocket call but they are still saying best rate is 4.3% when I see discussion of everyone getting under 4%? Does anyone have suggestions on companies to call? I have 800 credit and 150k equity in the house also.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News