Thread: Life Refi Home Mortgage to drop 1%
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Old 06-03-2020, 03:59 PM   #6
The Franchise The Franchise is offline
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Quote:
Originally Posted by Renegade View Post
I did a refi right when COVID started. Closing costs I figured would take 4 years to pay off, no big deal. On my refi I took all my savings and applied it right back to principal. I saved $200 a month on the refi, now an additional $200 is going to principal instead of the bank.
We’re doing the same. $400 back to the principal every month. Dropped the interest rate from 4.625% to 2.99%.
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