Lock in a lower mortgage rate or...
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Anonymous
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one that is 1/8th higher with a $1700 additional credit back at closing? The difference is rate's would be $24/mo.
If I was confident rates would stay where they are or drop at some point anytime after 4 months from now I could probably refi at a 3/8th lower rate, in which case the higher orignal rate and credit at closing makes sense. I think I might be able to do this because I won't be carrying 2 mortgages at that time and will have a much lower LTV... FWIW, I think we will be in this house at least 10 years. Thoughts? |
Anonymous
| If you are sure you want to refi, take the credit. Otherwise, I'd definitely take the 1/8. |
Anonymous
| I would go with the lower rate. |
Anonymous
| I would go with the lower rate too. That $24/mo is almost my cable bill. |
Anonymous
Yeah right what cable company |
Anonymous
| If you think you will be in the house 10 years and refi during that time then I would take the lower rate. |
Anonymous
DirecTV. If you refer a friend, you get $10 off your bill for 10 months. You can refer up to 10 friends at a time! |