My mortgage is 7% – should I refinance?
Carl G asked:
I have a 30y fixed with PMI…100% loan, at 7% fixed with Country Wide. I have been in it a year. My original Mortgage broker called me today and is going to look at my refinancing options…I got the 7% because my score was 650 and I had a Bankruptcy from 5 years ago. Anyway – I know my LTV is going to be around 90-100% …with rates close to %5 what do you think? I plan on stying in my house for more than 10 years. Anything I should look out for as far as my Broker is concerned? – should I counter offer his Rate when he gives it to me?..he stated no points would be involved? Thanks for any info
ROGER
I have a 30y fixed with PMI…100% loan, at 7% fixed with Country Wide. I have been in it a year. My original Mortgage broker called me today and is going to look at my refinancing options…I got the 7% because my score was 650 and I had a Bankruptcy from 5 years ago. Anyway – I know my LTV is going to be around 90-100% …with rates close to %5 what do you think? I plan on stying in my house for more than 10 years. Anything I should look out for as far as my Broker is concerned? – should I counter offer his Rate when he gives it to me?..he stated no points would be involved? Thanks for any info
ROGER
