Posted on: 16th Apr, 2011 02:58 pm
my mortgage is not large - $145k. would refinancing actually cost more?
An impossible question to answer unless you supply a lot more details about your current loan, how long you expect to be in the home, credit record/scores and employment status.
welcome cbfan,
i agree with jimgilly. it will depend upon a lot of factors. while you refinance your existing mortgage, you will be liable for paying off the closing costs. you will be able to offset it only if you plan to stay in the property for around 4-6 years.
i agree with jimgilly. it will depend upon a lot of factors. while you refinance your existing mortgage, you will be liable for paying off the closing costs. you will be able to offset it only if you plan to stay in the property for around 4-6 years.
What is your current rate?
What mortgage balance did the mortgage start at?
What mortgage balance did the mortgage start at?
