Is it a good refinance deal 30 years 2.87%?

[reader]

Loan amount > 510k

rate 2.87%

loan cost $500(after lender credits)

no PMI

Term 30 years 

 

[Simham0007]

future rates are uncertain, no one predicts how it goes... if u like it, go with it.

[reader]

Yeah it is great for my situation as my current rate is very bad 4.13% with $300 PMI per month.

[ShruteSastry]

[LadiesTailor]

23 minutes ago, reader said:

Loan amount > 510k

rate 2.87%

loan cost $500(after lender credits)

no PMI

Term 30 years 

 

Market rate anthe vundi baa ippudu 2.75 to 2.875... you should do it to take advantage of low rates... year end ki inka thaggithe do another refinance 

[no01]

1 hour ago, reader said:

Loan amount > 510k

rate 2.87%

loan cost $500(after lender credits)

no PMI

Term 30 years 

 

down payment entha? 20% or 5% ?

[JohnSnow]

baa is this a personal loan. credit score entha

[quickgun_murugun]

1 hour ago, reader said:

Loan amount > 510k

rate 2.87%

loan cost $500(after lender credits)

no PMI

Term 30 years 

 

Refinanced last week 30years 2.25 %

0 closing costs 

Lender credit 1850 

2 months deferred payment 

[Simple123]

Just now, JohnSnow said:

baa is this a personal loan. credit score entha

no personal loan .. home mortgage loans .. refinance

[JohnSnow]

1 minute ago, Simple123 said:

no personal loan .. home mortgage loans .. refinance

oh okay..

[libraguy86]

3 minutes ago, quickgun_murugun said:

Refinanced last week 30years 2.25 %

0 closing costs 

Lender credit 1850 

2 months deferred payment 

Which company bhayya

[quickgun_murugun]

10 minutes ago, libraguy86 said:

Which company bhayya

BNC National Bank 

[babai1234]

1 hour ago, reader said:

Loan amount > 510k

rate 2.87%

loan cost $500(after lender credits)

no PMI

Term 30 years 

 

go ahead - It looks good in the present market

 

We are getting 2.75 for 20yr; or 2.25 for 15yr - but with 1K closing costs.

after paying all the loan/hoa costs - 1st is 2100 pm, and 2nd is 2400 pm. Thinking which to take.

[Abhagyudu]

Usually entha down payment cheyyali to avoid PMI..like 20% kante takkuva cheyyacha

[reader]

26 minutes ago, no01 said:

down payment entha? 20% or 5% ?

Loan to value reached 80% due to the appreciation that means 20% equity.