refinancing - Mortgagefit

Compare Mortgage Quotes

Loan Amount :

Loan Term and Type

Property State :

Type of Loan :

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

disclaimer

refinancing

jameshogg

Posted on: 05th Nov, 2010 03:28 pm

should i refinance?.my current loan 5.75 % for 10 more yrs balance is $70,000 & i have equity line at a variable rate at 3.25
% with a $17,000 balance. do you think its wise to refinance now with rates down so low? ...

Total Reply : 1

Hi ellenhood,

If you're planning to stay in the property for a longer period of time, then it is a good option to refinance the loan. You can go for a 15 year fixed rate mortgage in this case. However, this will increase the term period to pay off the loan. If you're comfortable with it, then you can go ahead in order to get a mortgage refinance.

Thanks

jameshogg

Posted on: 05th Nov, 2010 07:56 pm

Post Your Comment