The Topic That Will Never Die XIX

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I am gonna attempt to refi again. Should have went through wit it over the summer but didn't want to pay the pmi. Still gonna have to pay the pmi, just about $25 cheaper and I'm not locked into the pmi for the 1st 4 years with the credit union. once we hit the 80% the pmi falls off. Should take about 1.5 years depending on how much extra we pay. 15 yrs at 2.875 is the rate. Basically gonna pay about the same amount over 15 as I would over the 11yrs 4 months left on my current loan. Payment sould drop about 210 a month with pmi and 250 a month once pmi is gone.


Never wanted to increase in years, jsut thinks it's best to free up some of the monthly bills right now. The housing market isn't going anywhere any time soon. Might as well take advantage of the lower rates. Am I crazy?

Take advantage of the refinance market right now. The rates are crazy right now.
 
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