Posted by: clickNdie September 29, 2019
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Frustu & dexter, sorry i just stop by here.
I was able to match the rate from loandepot with my original lender, bofa. I got it locked that rate for 1400 refi fee plus 3500 in points. I got substantial amount of discounts with refi fees, specially because of the fact that i m their 12+ years customer with other protofilio attached like 401k n stuffs with Merill lynch. Of course each individual condition is different but the point is you all should be able to get below 3% ( with some points) or ballpark of 3.2 ( with 0 points). Do some maths, play with numbers and if it is makes sense. In my case, my mo. Payment went up by $450 ( i was paying 500 extra anyways) but saved a bunch with interest & about 10 years. Now going down to 15 years vs staying with 30 yrs OR mandatory higer monthly payment vs voluntiarily paying extr....those are different topics for debates. This is about rate, should you go down and decide save.
I was able to match the rate from loandepot with my original lender, bofa. I got it locked that rate for 1400 refi fee plus 3500 in points. I got substantial amount of discounts with refi fees, specially because of the fact that i m their 12+ years customer with other protofilio attached like 401k n stuffs with Merill lynch. Of course each individual condition is different but the point is you all should be able to get below 3% ( with some points) or ballpark of 3.2 ( with 0 points). Do some maths, play with numbers and if it is makes sense. In my case, my mo. Payment went up by $450 ( i was paying 500 extra anyways) but saved a bunch with interest & about 10 years. Now going down to 15 years vs staying with 30 yrs OR mandatory higer monthly payment vs voluntiarily paying extr....those are different topics for debates. This is about rate, should you go down and decide save.