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Answers (3)
- Ryan Ambrose, "Finance Expert1"
- Contributions:10
Lock it. Sounds like an outstanding deal. Consider a 30, depending on your lender/investor, rate may be the same. Not much difference between 20 and 30 year rates. Personal opinion, but if rate difference is minimal, 1/8th of a percent or less, free up more money and save it.
- Amy Mateus, "Amy Mateus"
- Contributions:39
I agree with Gary...sounds like a good deal at a great rate. Lock it in!
- Gary Cohen, "Gary Sells Money"
- Contributions:48
I am wondering how you get no closing costs and a $500 credit?
Rates are dynamic and chasing the last 1/8% is a waste of time. If you ar ehappy with a program lock it and close.
No one knows which rates will go in a short term period.
Rates are dynamic and chasing the last 1/8% is a waste of time. If you ar ehappy with a program lock it and close.
No one knows which rates will go in a short term period.
I am refinancing and wanted to know if I should I lock on 20 year filxed at 4.25% with 0 closing cos
I am refinancing and wanted to know if I should I lock on 20 year filxed at 4.25% with 0 closing costs (and a $500 credit), or should I wait to see if rates go lower before the end of the month? Thank you in advance.
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