- Jul 10, 2007
- 12,041
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my original mortgage was 6.65% in july 2007 (30 year conventional fixed).
i refi'd at 5.495% (with 1 point, again 30 yr) in jan 2008.
now there's rumor that rates may hit 4.5% and i may save another ~$150 a month.
what gets me is that point i paid during my 2008 refi... that's just $ down the drain.
it's a condo, bought for $350k with $100k down. probably worth $330-340k now if i were to sell today.
2nd question.
i have another property that i'm definitely going to refi in the next few days/weeks - 6.35% aug 2008.
current mortgage on that property is through another bank. can i consolidate the 2?
i refi'd at 5.495% (with 1 point, again 30 yr) in jan 2008.
now there's rumor that rates may hit 4.5% and i may save another ~$150 a month.
what gets me is that point i paid during my 2008 refi... that's just $ down the drain.
it's a condo, bought for $350k with $100k down. probably worth $330-340k now if i were to sell today.
2nd question.
i have another property that i'm definitely going to refi in the next few days/weeks - 6.35% aug 2008.
current mortgage on that property is through another bank. can i consolidate the 2?