Posted on: 15th Apr, 2011 07:43 am
is is beneficial to refinance w no closong costs for a 1.5 intrest rate deduction, if you planning on selling in a year? will that hurt my credit score?
Hi cindysjg,
Refinance won't hurt your credit score if you stay current on the payments.So definitely there is no problem at all even if you wish to sell the property within a year.You should go ahead with the deal ..No worries...
Feel free to ask any further query if you have.............
DIPA
Refinance won't hurt your credit score if you stay current on the payments.So definitely there is no problem at all even if you wish to sell the property within a year.You should go ahead with the deal ..No worries...
Feel free to ask any further query if you have.............
DIPA
The key question would be how certain are you that you will be selling in a year? If it's nearly 100% barring some unforseen even, then I would say no.
If on the other hand, there is a reasonable chance you won't be selling, then compare what you currently have and see if you can refinance with little or no out of pocket costs and get a lower rate and monthly payment.
If on the other hand, there is a reasonable chance you won't be selling, then compare what you currently have and see if you can refinance with little or no out of pocket costs and get a lower rate and monthly payment.
