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Updated about 12 years ago on . Most recent reply

Cyndi Loving's profile image
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Cyndi Loving
  • from North Tonawanda, New York
  • Member since Apr 16, 2013
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Cyndi Loving's profile image
Cyndi Loving's profile image
Cyndi Loving
  • from North Tonawanda, New York
  • Member since Apr 16, 2013
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Cyndi Loving
  • North Tonawanda, NY
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Private Lending & Conventional Mortgage Advice

Should I refinance?

Cyndi Loving
  • North Tonawanda, NY
Posted

Currently have 5.6 interest rate 30 years. My property assessment went up and now I am considering refinancing.
Bought for $80000
new Assessment 90000
Paid down to 72000.
I have excellent credit and now would have 20 equity.

1. Would refinancing make sense? If I got a rate under 4%
2. Any other ideas are ALL welcome.

Thanks in advance!!!

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