Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
I would ask your lender if you can apply your lock (4.0% with no cost is a good deal) to a HARP loan (home affordable refinance program) . On a HARP loan if you pay off your 2nd you should not have to have pmi even if your loan to value on the first is over 80% (assuming you did not have pmi to start with which I imagine you did not since you utlized a piggy back loan when you purchased or last refinanced).
Thank you all for the helpful insight.My mothly payment on the second loan is only $162. So if put 18K toward that loan I will continue to have $162 payment for a couple of year until the rest of the loan is paid off.If I pay down the first loan by 18K and refi @4.0 I save $230 a month immediatly.Hope this makes sense.-KG
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.