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The Water Cooler
General Discussion
Interest Rates Are Still Low...
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<blockquote data-quote="OK Corgi Rancher" data-source="post: 3665893" data-attributes="member: 45773"><p>Refinancing for a slight interest decrease might make sense in some scenarios. A VA IRRRL loan, for example. No funding fee, no appraisal, no credit check, etc... They can be very cheap. But generally it doesn't really pay off if you have to pay a lot of closing costs and other fees. Not for a long time, anyway.</p></blockquote><p></p>
[QUOTE="OK Corgi Rancher, post: 3665893, member: 45773"] Refinancing for a slight interest decrease might make sense in some scenarios. A VA IRRRL loan, for example. No funding fee, no appraisal, no credit check, etc... They can be very cheap. But generally it doesn't really pay off if you have to pay a lot of closing costs and other fees. Not for a long time, anyway. [/QUOTE]
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