Does this refinance make sense?
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Thread created 10-09-2012 by stubbornboy
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Current Home value: 278000
Outstanding Principal: 257000
Current Mortgage:
5/1 ARM conventional started 5/1/2010 with principal of $269900 and interest 3.875%
I pay about $150 on PMI per month...
Does this refinance make sense?
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Thread created 10-09-2012 by stubbornboy
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No it is from a local broker. There is no closing. He has offset it with lender credit at the expense of a giving me a higher interest rate (which I am perfectly fine with...)
Does this refinance make sense?
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Thread created 10-09-2012 by stubbornboy
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is it with cashcall run from cash call,the closng costs get added to your morgage
http://cash-call.pissedconsumer.com/cash-call-does-a-typical-bait-and-switch-on-rates-20100112167510.html
Does this refinance make sense?
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Thread created 10-09-2012 by stubbornboy
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By choosing a "no-cost" mortgage, you pay a higher interest rate on your loan in exchange for reducing the amount of money you will need at closing. Generally, the interest rate on a “no-cost”...
Does this refinance make sense?
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Thread created 10-09-2012 by stubbornboy
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How long do you plan on staying in the house? How stable is your job? How is your credit? Where are you located?