Re: refinance concern re also: $sixteen,000 closing costs

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re-finance question re: $sixteen,000 settlement costs

We are refinancing the house (our top home) so you’re able to a 30 12 months loan which have Skyrocket. Our very own rate of interest usually decrease out of cuatro.63% to help you 2.75%. All of our mission is to try to down the monthly even as we decide to circulate and rent out our home in the next couple of years.

The audience is happy with brand new monthly payment, and you can the fresh new interest, but Let me make sure the $16,000 we have been contributing to our very own amount borrowed can add up.

We have come the procedure, and so are currently prepared for the second measures. I don’t know when we is also avoid the processes given that this has been come (I guess we are able to?), but I wanted to ask this group if the discover one warning flag using this type of guess.

All of our prominent is $243,000. The the new mortgage can be $259,000 even as we would like to roll the costs into the all of our loan. New estimated worth of our home is $550,000 to help you $600,000. Continue reading “Re: refinance concern re also: $sixteen,000 closing costs” »

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