All Forum Posts by: William Wong

I found this on Trulia:-

"It is a myth and a misunderstanding that the rate is higher for a cash out refinance. The rate is the same, it's the fees or "loan level pricing adjustments" that are higher. Therefore, you could have paid higher fees to refinance and get the same rate the first time. To refinance again and pay "all" the fees all over again doesn't really make much sense and is probably not going to be worth it.

I don't know where anyone is getting their 30 day time period from, but it's completely made up and not part of any guideline. Ultimately, you can refinance whenever you want to unless it was a high balance refi above $417,000. You will need 6 months seasoning to refinance a loan amount of $417,001 to $625,500 on a 1 unit property."

Can any of you confirm if this info is correct? Thanks!

Ever since I started this refi process in April 2017, I shaved off about 75 basis points from my 15- year fixed rate. Dropped from around 4% to 3.25% inline with the drop in treasury bonds yield,

I have been tracking the yield on treasury bonds using the ETF TLT and the chart for TLT is trending up. Also seasonal volatility for stocks peaks in October/November. 

I needed to do a cash out refi in order to consolidate my second loan into my primary loan.  If the rates were to drop significantly in the next 6 months as I believe they will, I plan to do a rate n term refi in the next 6 months but my broker refused to do my first cash out refi if I plan to refi within 6 months. Another competitor told me he can do it. I am trying to figure out who is telling the truth. Please help. Thanks in advance!