Taking a little detour into mortgage refinancing this post. Looks like if things work out, our existing lender Capital Federal will let us re-lock into a 30 year, 5% mortgage. End result? About $500 less in mortgage due every month. Still we'll not want to pay any more mortgage interest (as tempting as a tax break it is), so will continuing making our existing payment-> Result? More flexibility, less interest win-win! Will update when we close!
Saturday, January 10, 2009
Refi'ing with the crowd...
Taking a little detour into mortgage refinancing this post. Looks like if things work out, our existing lender Capital Federal will let us re-lock into a 30 year, 5% mortgage. End result? About $500 less in mortgage due every month. Still we'll not want to pay any more mortgage interest (as tempting as a tax break it is), so will continuing making our existing payment-> Result? More flexibility, less interest win-win! Will update when we close!
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