my house is 2 years old and i want to refinance from an arm to a 30yr fixed. i dont have a early payment penalty on loan. so what am im looking at to get my note a little lower, any help is greatly appreciated with 10 points:)
2007-03-26 06:24:53 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Estimate at least 2-3% of the proposed refinance amount.....
2007-03-26 06:51:07 · answer #1 · answered by boston857 5 · 0⤊ 0⤋
Closing costs will depend on your state - the taxes you have to pay, escrow, miscellaneous fees that your refinance lender charges you, if you have any liens on your home, unpaid condo fees, etc.
In the MD, DC area closings costs can be 1% - 4% of the home's value. I hope this helps.
We offer a service that provides free, no obligation refinance quotes, if you are interested.
2007-03-26 06:45:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
When I refinanced my home, I found big differences between lending institutions. I highy suggest price shopping--it saved me alot of money.
2007-03-26 08:02:45 · answer #3 · answered by barbara 2 · 0⤊ 0⤋