Posted on: 05th Apr, 2010 06:46 am
I have a 0 interest loan at 480000 and a 2nd for 60000. Would like to consolidate. My main goal is to pay down house without increase in monthly payment. Would I be better off just making extra payments.
May move within 5 years.
May move within 5 years.
zero percent rate? and you want to refinance why? it would seem that you have a no-lose proposition, isn't that right? i suppose if you can get a reasonable rate (and that is doable), then you'd do well to refinance, especially if you're out in 5 years. you don't want to pay an excessive amount in that short period of time, for a rate.