Question by Mi Mi: Is it a good time to refinance my home?
I currently have an 80/20 loan. My first loan has an interest rate of 6.25% (30 year fixed) and my second has an interest rate of 8.875% (20 year interest only). I have been in my home for 3 years and I want to only want to have one mortgage. Is this a good time to refinance?
Answer by golferwhoworks
yes as long as you hav ethe equity go for it.
I am a mortgage banker in tN & KY
What do you think? Answer below!