Posted on: 18th Sep, 2009 11:11 pm
What questions should I be asking before I re-fi?
Points or no points...? What do you recommend?
Closing costs should average what for MA?
Is $3K reasonable?
What do I need to know before signing?
Does 4.375% no closing, no points seem like a fair rate?
Should I be getting rates from banks or mortgage brokers?
What are the pro's and con's?
Details:
Purchased a Single Family House in MA in 2004 for $379K. Currently owe $280K. Estimated value $350K per B of A on 9/10/09. Credit 770 per B of A on 9/10/2009. Household income $241K. Only debt besides mortgage, one student loan $19K, $250 monthly payments.
I am seeking a 10 year fixed mortgage, currently have a fixed 30 year at 6.125% with B of A,
Please advise, this whole process is confusing!
Points or no points...? What do you recommend?
Closing costs should average what for MA?
Is $3K reasonable?
What do I need to know before signing?
Does 4.375% no closing, no points seem like a fair rate?
Should I be getting rates from banks or mortgage brokers?
What are the pro's and con's?
Details:
Purchased a Single Family House in MA in 2004 for $379K. Currently owe $280K. Estimated value $350K per B of A on 9/10/09. Credit 770 per B of A on 9/10/2009. Household income $241K. Only debt besides mortgage, one student loan $19K, $250 monthly payments.
I am seeking a 10 year fixed mortgage, currently have a fixed 30 year at 6.125% with B of A,
Please advise, this whole process is confusing!
4.375% with no costs is a spectacular rate and likely to be unobtainable. if you have that sitting on the table from a lender, it would be silly not to pounce immediately. i really don't feel there's more to add here.
4.375% with no closing is really great rate
Go for it
Go for it
i guess there was...
Yeah I have more to add...I am skeptical.
