My current interest rate on my mortgage is 6%. If rates - Loan Modification - Free Foreclosure Help

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12-06-2008, 10:30 AM

hkwebproductions hkwebproductions is offline

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Join Date: Dec 2008

Posts: 1

My current interest rate on my mortgage is 6%. If rates

drop to 5% should I refin? I've been here 4 years now.? Ive been in the house since 2004. Paid $420,000. House appraised for $470,000 2 years ago. My current rate is 6%, but if rates drop to 5%, should I refinance? How much will my monthly payment change? Right now I pay $3,900 a month in Mortgage/taxes/insurance (no PMI).

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