Question by lindsay: What to expect to pay in closing on a refi & at what interest rate?
I want to refinance to get low interest on a 2nd mortgage I have. I owe 36K on the first & 48K on the second. My first mortgage has a fixed rate of 5.5 but the second is fixed at 7.65. Both loans are with the same mortage co. & I would like to keep it that way if possible…by the way our credit scores are just over 800.
Answer by alterfemego
Lindsay, you really should be careful what information you put on this venue. Most of what you are going to get is solitations for business like Mr. Smith does all the time. Anyone that would break the rules on Yahoo, well… I wouldn’t use them.
Only your lender can give you accurate information based on your whole financial picture. I suggest you talk with them directly. They must provide your costs and the interest rate at the time of the loan. Costs and interests rates can vary with lenders, so we have no way of even estimating for you.
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