Quote:
Originally Posted by kenchan
GL on da refi. 
when we refinanced mid-term (or watever u call it) i saved us like 100k or something.. went from 30 yr to 15yr too.. paid off in 10yrs
honestly we couldve paid it off in less dan 5yrs. |
I will say that 15yr note and interest rate looked very appealing ... instead we're earn$pending a $40K 2nd lien for renovations after the refi goes through
New 30 yr note is only 25 pts higher than our current interest rate, so not terrible. Mortgage has been going up lately since we escrow taxes and the property is increasing in value, but we drop over $100 per month just by getting rid of the stupid mortgage insurance required by the FHA loan structure.