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Answers (3)
- Compass Lending
- Contributions:16
There are 5 and 7 year adjustable programs in the mid 2% range. The rate is fixed for the first 5 or 7 years after which time it begins to adjust annually. Not the safest long term solution, but if you are going to be aggressive about paying down the balance of your mortgage it is something to at least consider.
With you question starting, "Are there still..." There have never been 30 year fixed rates in the 2 or low 3 range.
With you question starting, "Are there still..." There have never been 30 year fixed rates in the 2 or low 3 range.
- Shane Milne, "ShaneTheMortgageMan"
- Contributions:463
15-year fixed can get rates into the upper 3's... payment may not be a ton higher from switching from a 6.75% 30-year term either.
- Andrew Adams, "203K Specialist"
- Contributions:9349
2-3% was never avaiable without paying points rates are getting into the low 4's for an owner occupied 2 family. You shoudl definately consider refinancing from 6.75%
Are there still mortgage loans for 2-3% now?I have a fixed rate of 6.75% 30 year loan.
2 Family home
How much is refinancing?
How much money would be needed to refinance a loan and switching to another company?
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