I have five years left on a 10 year fixed rate mortgage at 5.125%. can i refinance now at lower rates? - low interest fixed rate mortgage
I want to take to lower interest rates. I am currently $ 86,500 on my mortgage. I have five years still on the mortgage of ten years at fixed prices. Are there mortgage there would send for me?
Wednesday, January 20, 2010
Low Interest Fixed Rate Mortgage I Have Five Years Left On A 10 Year Fixed Rate Mortgage At 5.125%. Can I Refinance Now At Lower Rates?
4 comments:
Why do you want? You have the mortgage in the 5 years. I assume that the loan has a balloon payment or a similar type of agreement at the end of 10 years, which is a person to refinance. Whatever you are refinancing only do you owe more on the loan because of the fees, etc. Not really worth the fall of interest. It also has a good rate, even by the standards of today's economy.
Probably do no financial terms. The loan is low and the new interest rate should be a full point Lowe, 2 points if not useful. You pay your loan in 5 years, and not likely to break at the closing costs at the time with these facts.
Better for you to make additional payments on the principal amount of the loan, then a refi do for all costs.
Not. For what it costs in closing costs to their payments as much as you can, and increase to reduce the remaining time. Congratulations.
I suppose you will find it difficult, if not impossible to get a better price, consider yourself lucky, they go to something, and 5 years in dry towels.
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