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The Water Cooler
General Discussion
Have many of you refinanced your homes?
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<blockquote data-quote="SgtMojo67" data-source="post: 1580882" data-attributes="member: 15160"><p>I did Nov. '10....When I bought my house, I did an 80-20 1st and 2nd. Our interest rate was 6.4 on the 1st and 8 on the 2nd......I refinanced combining both with a 4.25% rate....supposed to save over $80,000 over the life of the loan (30 year fixed). Our lender said don't refinance if you plan on selling in the next two years....like dx3 said, hold out if you are going to sell.....</p></blockquote><p></p>
[QUOTE="SgtMojo67, post: 1580882, member: 15160"] I did Nov. '10....When I bought my house, I did an 80-20 1st and 2nd. Our interest rate was 6.4 on the 1st and 8 on the 2nd......I refinanced combining both with a 4.25% rate....supposed to save over $80,000 over the life of the loan (30 year fixed). Our lender said don't refinance if you plan on selling in the next two years....like dx3 said, hold out if you are going to sell..... [/QUOTE]
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The Water Cooler
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Have many of you refinanced your homes?
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