Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm in the middle of refinancing (FHA). I'm getting 3.75 on 30 year loan, down from 5%. No closing cost (all covered by lender) and no increase in principal. I'm I getting a fair deal? Thanks so much.
Probably. You are paying a higher rate (3.75%) because you are having no cash out of pocket. We just closed last week at 3.375% on an FHA Streamline, but we did pay some closing costs (under $2k).
If you're happy with the deal and it will save you money both in the short and long term, don't worry about whether or not you can get something slightly better. The answer is "yes" you probably could, but you could also easily miss out on these low rates and get a much worse rate. If you can put some money down at closing, however, you could definitely lower the interest rate a little more.
Mike, I just wish the choices were made available to us, I would've paid a little more to get a lower rate. But its done and yes Victor, it was free so its an incredible deal. I'd like to think it helps on tax deduction by paying a little more
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
