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should I refinance with rates this low?

Posted by admin on May 8, 2009 at 3:06 am

I have excellent credit and a 6.625% mortgage rate on $160K mortgage. Would I benefit to refinance right now? well, that would depend on what rate you can get (so what your credit score is). it would also depend on how your current mortgage is set up (closing costs and various fees can mean that [...]

What happens when you start the refinance proecss (lock), but find lower rates later?

Posted by admin on May 3, 2009 at 9:31 pm

I locked with lender 20days ago but rates have significantly dropped. Can i exit the exisiting rate (i am willing to pay penalty) and refinance elsewhere? or will the existing refi lender work with me? I don’t have a float down option Typically you had to pay a fee to lock in a rate, and [...]

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