Investor · Beaver Falls, PA · Member since 2015 · 275 posts · 82 votes
Hi quick question, I recently refinanced my primary from 4.2 to 3.2 and shortened the term. I thought I did well but I now see others are getting 2.5- 2.7 on their primaries. Would it make sense to Refi again to get a lower rate? thanks in advance.
@John Matthew Johnston depends on the rate you're able to get! It can't hurt to ask a lender. When did you refinance? I had a client refinance in February and she is refinancing again and is saving about $300/month. Reach out to @Elise Marquette
@John Matthew Johnston Yes, you can do this. Be prepared for a long wait as in my experience, banks are prioritizing purchases over refis. Get the process started now :)