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should i refi now, scared to death to do it since 2006

i did a refi in 2006 after a divorce and wanted to get rid of 2nd mtg and only have one payment was convinced by lender to consolidate everything credit cards, car loan, etc now paying the price.  my mtg rate is 6.7% and I see the rates are so low now but the cost of refi is kind of high, what should I do?
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September 28 2012 - Mahopac
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Answers (8)

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thank you all for your feedback, i don't think i stated that the existing mtg. and my current zillow estimate are just about even, no equity but no loss either.................
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September 29 2012
I would recommend seeking  professional advice whether it would be worthwhile for you  to refinance to meet your financial goals. Best,
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September 28 2012
Agreed, what in the heck are you waiting for?  Refinance - the rates are terrific.
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September 28 2012
I would say yes and you should be able to receive a credit large enough to cover your cost.
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September 28 2012

How long do you plan to stay in your home? I would suggest contacting a few lenders and obtaining a fee/rate estimate for your refinance. Calculate the break even point on the closing costs and make your decision. Feel free to contact me through my profile for a no cost, no obligation detailed quote.

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September 28 2012
Have you looked into HARP 2.0?  Review my profile for deatils.
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September 28 2012
you can probably refinance into a 20 or 15 year fixed and still save tons of money.  6.7% is way to high to be paying in today's market.  Closing costs will seem like nothing compared to the money you will save.  Check out my profile and feel free to touch base.  Fully licensed in NY
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September 28 2012
franky- Yes you should definitely at least look into it. How much do you owe vs. what the home is worth?  Credit and income good?
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September 28 2012
 
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should i refi now, scared to death to do it since 2006
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