Loan Scenario: MD, $660,000, 717, 80% LTV, Refinance (Rate and Term)
Loan State: Maryland
Loan County: Howard
Loan Type: Refinance (Rate and Term)
Loan Amount: $660,000
Property Value: $825,000
LTV: 80%
FICO: 717
DTI: 35
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence
looking for an oportunity to have lowest possible monthly p&I payment....
my sub A rating is keeping me from teh best rates...I could make a large paydown on revolving debt in the next 4 months, but would be afraid that could cause me to miss opportunity for low rates (heading below 5 this week.)
Intend on being in house for long, long time and purpose for refi is currently in an ARM that resets next fall...current int-only is at 5.875 and am hopeful that we could achieve a 4500/mo payment...outrageous? or possible?