Is there any reason to not refinance?
- Thread starter cyfan964
- Start date
I've been house hunting through this almost out of necessity. Where Im looking there will often be 15-20 offers with half over list and almost always an all cash winning bid.
The 4-5 week dip in demand may have allowed me to get a place at asking without over a dozen competitors. Been working in it for 9 months solid and hopefully it's over.
We only looked at empty units, sometimes even buzzed in electronically, wore gloves and masks (everyone here wore masks since March anyway), we already had been signing everything virtually on all the other bids we were competing for pre outbreak.
We've been able to get inspections done rather quick, appraisal was a drive by joke.
We are at 3.5% but with just over five years left, the fees would eat up the savings, so we are just hanging out with it as is.
I'd be all over that like stink on a monkey.
Curious, what are the fees (i.e. what is the true APR) for that loan?
Got 2.5% for 15 year from Collins CU. Locked in early last week. About done with the process, just got the appraisal done. I had been three years in on a 30 paying extra each month. About 1500 fees etc.
