Question: I have a mortgage, but this is an area of life that I’m not much up on. I heard a bit on a consumer show yesterday about (and I think I got this right) a “no closing cost home equity refinance.” A woman caller asked about this and the host said she should consider one; and her situation was that she only had a principal now of about $17k, with only about 42 months left on it, with an interest rate of 7%. He said something about her being able to get a refi at around 4% at present, and something about it probably staying at that level for most of the time she had left, with it possible going up later, etc.
This got me to thinking. My situation is that I have a principal of about $35k, with about 8
Related posts:
- Need advice on whether to consider a mortgage refinance
- Mortgage Advice Please!
- refinance or recast mortgage?
- Which mortage refinance: the 20 year or 15 year?
- Frugal mating advice?
- refinance questions: when should i refinance my home loan
- National City Mortgage duplicity
- Debt Consolidators – any info/opinions?
- Dishonest Mortgage Lender – Allstate Funding
- Home loan – refinance?
- Problems with paying mortgage every two weeks?
- Help: Refinance Question