refinancing question

[Wyndru]

same bank? they may give you a good rate based on your standing.

in 5 years I was late only 2 times. my credit score is almost in the 500s. my apr%? 3.8% on a 15 yr fixed. plus they removed pmi. lulz

Woah, you got a 15yr loan for 3.8 fixed with a credit score of 500? 😱

I seriously don't know why my bank denied me for 30 year 4.625 with credit score of 775, and a current loan with no late payments, mostly overpaying each month. I guess school loans really do bring you down 🙁

 

[alkemyst]

What was the principle you were borrowing?

 

[Wyndru]

175k on a house valued at 230k

At least another bank picked me up for the same terms, just doesn't make sense.

 

[alkemyst]

175k on a house valued at 230k

At least another bank picked me up for the same terms, just doesn't make sense.

I meant the principle at 3.8% the other poster was borrowing. Doesn't make sense. That bank also had to be holding that loan in-house, no investor would touch that.