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Home and Garden
Refinancing: Worth It?
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[QUOTE="ecasadoSBU, post: 3698728, member: 3976"] Using better.com to refi my multi-family investment in JC, NJ. Should be closing by the 15th of this month. Thanks to this thread I got into the idea of refi and I will be able to get rid of the FHA monthly MI, shaved 6.5 years off the term (from 26.5 to 20) , and still saving about $300 per month. Was able to catch a 3.0% rate (went down from FHA 4.25%). It wasn't the lowest rate but I tried to minimize closing costs so I'll be paying about 1.7k cash to close. Better.com makes the process a lot smoother than I thought. Thanks to whoever recommended the site here in the previous pages. Great experience so far. I hope my closing goes without any hiccups EDIT: I see some people essentially got paid to refinance. That is freaking awesome. I wonder if loan size has something to do with it. I still have 498k payoff. My refi will cost about $1.7k which isn't bad IMO, but I'm glad others have gotten paid to do it. What a great deal that must be! [/QUOTE]
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Refinancing: Worth It?
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