JackSeal Posted January 5, 2022 Report Share Posted January 5, 2022 Is it worth going with it ? Refinancing $300k … Earlier interest 3.125% 30 year fixed… Quote Link to comment Share on other sites More sharing options...
9ine Posted January 5, 2022 Report Share Posted January 5, 2022 Waste Quote Link to comment Share on other sites More sharing options...
sarfaroshi Posted January 5, 2022 Report Share Posted January 5, 2022 1 hour ago, JackSeal said: Is it worth going with it ? Refinancing $300k … Earlier interest 3.125% 30 year fixed… Monthly entha 1000$ aa Quote Link to comment Share on other sites More sharing options...
rmJU72 Posted January 5, 2022 Report Share Posted January 5, 2022 the 10/1 rate by itself is not bad and realistically many don’t stay for more than 10 yrs in a home. but see refi costs, monthly additional savings and then decide if it’s worth the hassle Quote Link to comment Share on other sites More sharing options...
JackSeal Posted January 5, 2022 Author Report Share Posted January 5, 2022 1 hour ago, sarfaroshi said: Monthly entha 1000$ aa Yeah around $1100 Quote Link to comment Share on other sites More sharing options...
bommali Posted January 5, 2022 Report Share Posted January 5, 2022 Yes well worth it. 10 yrs is a good period, you'll definitely have a chance to refinance. Moreover the avg rate as of today is around 3.2, so go for it. Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted January 5, 2022 Report Share Posted January 5, 2022 Why don’t you try a 15 yr loan??? You will get for around 1.8%… will be $850 per month.. Quote Link to comment Share on other sites More sharing options...
soldier Posted January 7, 2022 Report Share Posted January 7, 2022 On 1/5/2022 at 7:06 AM, Thokkalee said: Why don’t you try a 15 yr loan??? You will get for around 1.8%… will be $850 per month.. which bank offering this please share? Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted January 7, 2022 Report Share Posted January 7, 2022 42 minutes ago, soldier said: which bank offering this please share? Try your local desi loan agents… where r u located?? If you have a good credit history, you should get for around 2%… interest rates will only go up given the inflation… so better lock in a good rate for a long term loan than an ARM loan for short term… Quote Link to comment Share on other sites More sharing options...
soldier Posted January 7, 2022 Report Share Posted January 7, 2022 On 1/4/2022 at 9:22 PM, JackSeal said: Is it worth going with it ? Refinancing $300k … Earlier interest 3.125% 30 year fixed… eda ethaki bhyya e refinace evadu chudu rate 2.5 antaru points cost 5k ani closing cost ani6k ani mottam manke bokka estunaru. i'm tired of searching bro. online gaa rates chuste full of hard enquires in credit. Quote Link to comment Share on other sites More sharing options...
JackSeal Posted January 7, 2022 Author Report Share Posted January 7, 2022 2 minutes ago, soldier said: eda ethaki bhyya e refinace evadu chudu rate 2.5 antaru points cost 5k ani closing cost ani6k ani mottam manke bokka estunaru. i'm tired of searching bro. online gaa rates chuste full of hard enquires in credit. I got this from Loandepot … total closing cost 2.5k with 2.5% 10yr ARM Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted January 7, 2022 Report Share Posted January 7, 2022 14 minutes ago, soldier said: eda ethaki bhyya e refinace evadu chudu rate 2.5 antaru points cost 5k ani closing cost ani6k ani mottam manke bokka estunaru. i'm tired of searching bro. online gaa rates chuste full of hard enquires in credit. Online rates are almost always very high compared to loan agents… they never give you good rates.. Quote Link to comment Share on other sites More sharing options...
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