Posted on: 26th Jul, 2010 11:04 am
current balance on a 30 yrs fixed rate at 5.00% is $371,880.00. we have 29 years to go with a monthly of $2029.00.
i may be able to get 4.125% for 30 yrs fixed if i pay 1.125%. i intend to live in the house for at least 15 years. estimated closing costs including the points i'll pay is about $9,000.00.
is it good for me to refinance at this time? any response will be appreciated. thank you.
im
i may be able to get 4.125% for 30 yrs fixed if i pay 1.125%. i intend to live in the house for at least 15 years. estimated closing costs including the points i'll pay is about $9,000.00.
is it good for me to refinance at this time? any response will be appreciated. thank you.
im
I would analyze several veriables to ensure your get into the right loan program. First, I would analyze your income for the next 5, 10 and 15 years. Do you see yourself increasing your income. If so, you may want to consider paying couple hunder extra towards your mortgage. Secondly, I would analyze, your age, reason, this will help you identify the goal on when you want to pay off your mortgage and own the home free and clear. For example, if you are 30 years old, with a 30 years left on a mortgage, you'll pay it off at 60. Contact me for a full analysis.