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Did i get a good rate

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I am in the process of refinancing my home loan from 5.75 rate on a 15 yrs loan to 10yrs loan amount 110,000 with a rate of 4.75, and i am paying 2250.00 fees, is this a good rate and the fees about right, please advise, also is the appraisal fees part of the processing fees?

 
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September 16 - West Sacramento
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Profile picture for CORONA NICK
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Since October 2009

The rate sounds good, but is it a good idea, Im not sure about that. Doesnt seem like you will be saving much, and your break even point is probably not close, I would really think about it more, maybe just paying the loan that you currently have ahead of schedule will save you as much on interest and at the same time, giving you more liquidity, which IS very important nowadays.
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October 17
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Since October 2009

Looks like fair quote but you maybe able to get slightly better rate.

Good luck
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September 18
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What's a fair deal on a 5 year fixed FHA today Earnie?
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September 18
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Since October 2009

Sounds like a fair deal to me! Go for it.
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September 18
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Since August 2009

On a $110k loan that is a great price.
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September 16
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Since January 2009

Appraisal fee would be about $425.00. The rest of your fees look great. At today's rates it's around 4.25% on a 15 or 10 year fixed. ... Happy funding, Rudi
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September 16
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Hamp Yonce

Rock Hill, SC

Real Estate Agent
Contributions: 1686
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Since November 2009

Sounds competitive, but not fantastic. The appraisal should be included in the $2250. Look at the Good Faith Estimate if you have one. Appraisal will be a separate itemized fee.
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September 16
 

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