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[quote=Anonymous]Op here again. I just changed lenders and loan terms at the last minute...I need to have the home reappraised and get reapproved but I don't see why I wouldn't, since I just got approved with the other lender. This oen is 30 year fixed at 5.75 but buying it down with points (2.835)... Still this lender was able to get my monthly payments down about even on the P&I as the ARM amount. The APR is higher, total interest percentage is higher... but I think this meets my needs for now. (Oddly they estimated the T&I/escrow part to be higher than my other lender, so overall monthly payment looks lower. by $75 too..) I still feel a little unsure about whether this is the right move but feel that it probably still is a decent calculated risk. And I could still refi later if rates drop further again.
For people suggestion assumption... assuming the existing loan won't work for me (it's VA so he would have to give up that entitlement and there's just no way that's happening)
Time to go drum up that side hustle work... [/quote]

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