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Updated over 5 years ago on .

Kulin Dakwala's profile image
Kulin Dakwala's profile image
Kulin Dakwala
  • from Piscataway, New Jersey
  • Member since Oct 11, 2017

User Stats

82
Posts
12
Votes
Kulin Dakwala's profile image
Kulin Dakwala's profile image
Kulin Dakwala
  • from Piscataway, New Jersey
  • Member since Oct 11, 2017
Kulin Dakwala
  • Piscataway, NJ
12
Votes |
82
Posts
Private Lending & Conventional Mortgage Advice

Refinance at Michigan

Kulin Dakwala
  • Piscataway, NJ
Posted

Hello,

My current 30 years fixed interest rate is 5.25. I initiated this mortgage in middle of 2018. I am planning to refinance now. I am getting 4.125 for 15 years fixed without any points. It is 3.37 with 1 point that costs me additional $600. For information, single family rental is located at Michigan and loan amount is 60K including closing costs.

Please let me know if this is good interest rate based on current market?

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