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Would it be worth my time to see about refinancing?

Posted on 12/5/12 at 4:20 pm

Posted by ForeverLSU02

Albany

Member since Jun 2007

52147 posts

Posted on 12/5/12 at 4:20 pm

The wife and I just purchased a house last summer. We currently owe right at $148,000 @ 4.375%. FWIW, our loan is a 30 year fixed and we're paying about $1000/month (mortgage and escrow). Could I get a rate low enough to offset possible origination charges/closing costs?

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Posted by Tiger at Law

Baton Rouge

Member since May 2007

2990 posts

Posted on 12/5/12 at 5:32 pm to ForeverLSU02

You never know...its always worth a shot. James Desormeaux is a loan officer with Assurance Financial in Baton Rouge that I would recommend who can go over your numbers to see if a refinance would work out well for you. He has been able to do refinances recently for several people that I know.

Here is is contact info:
jdesormeaux@lendtheway.com
18212 E. Petroleum Dr. Suite 5A
BR LA 70809
44802662

This post was edited on 12/5/12 at 5:34 pm

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Posted by LSUtigerME

Walker, LA

Member since Oct 2012

3789 posts

Posted on 12/5/12 at 5:54 pm to ForeverLSU02

What's your credit score?

Just glancing at it, prob not. But there's a lot of factors you didn't include that are important.

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Posted by 756

Member since Sep 2004

14852 posts

Posted on 12/6/12 at 6:41 am to ForeverLSU02

on first glance no- the one scenario might be if you knew you where going to live in your house for 15 years and you refi ed to a 15 year loan under 3

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Posted by ForeverLSU02

Albany

Member since Jun 2007

52147 posts

Posted on 12/6/12 at 8:04 am to LSUtigerME