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Is this a fair refinance offer?

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Forums » Consumers - Questions, Answers, Help » Mortgage Questions » Is this a fair refinance offer?
 

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Latest post Thu, Mar 26 2009 11:43 AM by Bob V-G. 4 replies. Viewed 430 times.
Page 1 of 1 (5 items)

  • Thu, Mar 26 2009 10:39 AM                

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    I was offered 4.5% with .75pts or 4.375% with 1.25 pts.  Fees on top of that are $4,100.

    Is this a good deal? 

    My info is below.  Thanks!

    --------------------------------------------------------------
    Goal: Lower monthly payments
    Mortgage: 30yr fixed at 5.875%.  Owe $288k.  Mo payment: $1835. 
    LTV:  75%
    Credit: High-700s
    Location: NJ
    Plan: Stay in the house for at least 5 years 

  • Thu, Mar 26 2009 10:52 AM                 In reply to

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    Those are great deals!

    PREMIUM MEMBER
     Going the extra mile is my normal route, even with today's gas prices.
    Kent Mikkola, Mortgage Consultant, M & M Mortgage, LLC, 1700 W Hwy 36, Ste 130, Roseville, MN 55113, Direct 651-558-9807, kmikkola@themmmortgage.com

  • Thu, Mar 26 2009 11:27 AM                 In reply to

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    Yessir---dead on almost on payback (diff between fees/pts and mo. payment)

    I'd take the 4.375...that's a crazy rate!

    PREMIUM MEMBER
     Bob Van Gilder, Broker- Finance One Mortgage Ph (530) 644-5395, eFax(877)468-5395 email: financeone@juno.com CA DRE lic # 01193406
    California only please---But I can refer you to professionals throughout the nation.

  • Thu, Mar 26 2009 11:34 AM                 In reply to

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    Thanks for the replies...I'd love to go for the 4.375 but that's a lot of cash upfront!

  • Thu, Mar 26 2009 11:43 AM                 In reply to

    |Contact

    4.5% ain't half bad either!! (crazy rate as well)

    PREMIUM MEMBER
     Bob Van Gilder, Broker- Finance One Mortgage Ph (530) 644-5395, eFax(877)468-5395 email: financeone@juno.com CA DRE lic # 01193406
    California only please---But I can refer you to professionals throughout the nation.
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