I’m considering refinancing my house. It appears as though I can get it down by two percentage points.
One thing I can’t stand and that is feeling rushed. I keep getting the send this by this time and that time etc. Well the broker sends me the documents at about 9 pm last night, tells me to review and sign by 10 am. Wtf I work.
She tells me in the email, I’m getting a $2,000 refund or I can use the money to buy down my interest. I’m excited about the refund but wondering why. I glance through the documents and notice the loan amount is rounded up. I think nothing of it, put it in my list of questions.
Now it’s 3am I’m up and I have an ah ha moment, so I think. I’m thinking the loan balance is about $18,000 so it’s rounded up and figured that’s where the $20k came from.
Well that can’t be it, I checked and the balance is actually less than $110k. Now I’m wondering if it’s worth the refi if I’m paying extra on the principal anyway. I don’t want a refund, I want to finance the balance, $110k, at a lower interest rate.
I’ll review the documents in detail and get my questions together. I refuse to be rushed through this process.
Home Refinancing
March 27th, 2020 at 07:15 am
March 27th, 2020 at 11:06 am 1585307215
March 27th, 2020 at 12:04 pm 1585310683