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HomeForumsPrivate Lending & Conventional Mortgage AdviceRefi Offer Comparison? Cash-Out or Not?
Chad Coates's profile image
Chad Coates's profile image
Chad Coates
  • Homeowner
  • from The Colony, TX
  • Member since May 13, 2015
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Chad Coates's profile image
Chad Coates's profile image
Chad Coates
  • Homeowner
  • from The Colony, TX
  • Member since May 13, 2015
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Chad Coates
  • Homeowner
  • The Colony, TX
0
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10
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Private Lending & Conventional Mortgage Advice

Refi Offer Comparison? Cash-Out or Not?

Chad Coates
  • Homeowner
  • The Colony, TX
Posted May 20 2015, 08:51
I guess I'm cutting my teeth on my own place. I've been in an FHA for five years and having bought a foreclosure we have plenty of equity. After reviewing a few offers its clear that I can take 20K out and still have a monthly savings over my current P&I payment. I guess the question is: in refinancing to a new 30yr fixed are there any red flags or rookie mistakes I can look out for in comparing offers to refi? This is my first of many BP inquiries I'm sure ;)
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