Bimmerbill
Thinks s/he gets paid by the post
- Joined
- Jan 26, 2006
- Messages
- 1,645
Should hear from my CU about my refi application soon. They are only loaning 70% LTV now a days, but luckily that is right about where my HELOC and 1st mortgage combined (with closing costs rolled in) is.
In a perfect world I'd rather refi my primary mortgage (120K) and pay down my HELOC (37K). HELOC is at prime +/-, 3.75% right now.
But, it ain't a perfect world so I think I'll lump them together to refi at the rate of 4.875. Old 1st mortgage is at 6.25%.
Anyone else have any luck getting in on the historically low rates?
ALso, plan to use the appraisal to file a tax abatement. Town has my place at 259.9K, appraisal came in at 225K. (Hight COLA area, I have a 1400 sq foot ranch!).
In a perfect world I'd rather refi my primary mortgage (120K) and pay down my HELOC (37K). HELOC is at prime +/-, 3.75% right now.
But, it ain't a perfect world so I think I'll lump them together to refi at the rate of 4.875. Old 1st mortgage is at 6.25%.
Anyone else have any luck getting in on the historically low rates?
ALso, plan to use the appraisal to file a tax abatement. Town has my place at 259.9K, appraisal came in at 225K. (Hight COLA area, I have a 1400 sq foot ranch!).