Mortgage Brokers Advice Plz regarding a loan/refi 20 yr old investor!?


2 Responses to “Mortgage Brokers Advice Plz regarding a loan/refi 20 yr old investor!?”

  1. larry n says:

    Ouch – you need K-Y with that loan.

    Goto a reputable (referral from friend or relative if can) mortgage broker.

    How long will you stay there, if a long time than fees divided by months is low and worthwhile to pay fees. OTOH if you were planning to leave in a month you’d not care about the nasty high interest rate.

    Me – I’d look at a 30-year fixed (assuming staying for 5+ years) and still do the 80/20 thing so you can dump the second loan when possible.

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