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Can I refinance my current Loan
Hi All,
Now I get offer to refinance my mortgage loan. Currently I'm having a 20 year mortgage with 8% interest rate. Right now 12 years completed, and one bank is offering me an refinance for that loan with 7.25% interest rate, Is it worth to go for refinance or continue the same. Thanks in advance
Now I get offer to refinance my mortgage loan. Currently I'm having a 20 year mortgage with 8% interest rate. Right now 12 years completed, and one bank is offering me an refinance for that loan with 7.25% interest rate, Is it worth to go for refinance or continue the same. Thanks in advance
0
Comments
-
you have forgottten to tell us if there are any early termination fees on your current mortgage
and whether there are any set up fees for the new mortgage0 -
Both rates seem very high to me - the best rates are more than half as cheap as those!
Something we haven't been told perhaps?0
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