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re: Refinance Home or wait?

Posted on 3/26/20 at 10:02 am to
Posted by LSUbase13
Mt. Pleasant, SC
Member since Mar 2008
15060 posts
Posted on 3/26/20 at 10:02 am to
quote:

What is your current rate? 3.99
What is the new rate? 3.215
Are you currently paying PMI? No
Will you drop PMI with the new loan? N/A

This post was edited on 3/26/20 at 10:02 am
Posted by BruslyTiger
Waiting on 420...
Member since Oct 2003
4625 posts
Posted on 3/27/20 at 12:52 pm to
quote:

What is your current rate? 3.99
What is the new rate? 3.215
Are you currently paying PMI? No

That is not much of a drop in rate and there is no PMI. Rule of thumb is usually at least a whole point and/or removing PMI.
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