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Company Loan Type APR Est. Pmt.

refinance

Posted on: 05th Aug, 2010 01:30 am
I purchased a home 7 months ago . My rate on my loan is 4.85 % . The loan amount is approximatley 413,000 . We will be staying in this house for at least twenty years. Should we reinance with a credit score of 750? ty
Hi giants24

you have purchased this house only 7 months ago.As far as refinancing is concerned you need to shop it but your current lender will be a hard customer to sell your preposition.

So it is better if you shop around,lets hope for the good deal.

DIPA
Posted on: 05th Aug, 2010 02:03 am
what term is your current loan? 30 year? only way to refinance and recieve a tangible benefit would be to refi into a lower term. perhaps a 20 year?
Posted on: 05th Aug, 2010 10:26 am
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