San Diego Housing Market News and Analysis
I finally did my refis
User Forum Topic
Submitted by gzz on May 26, 2021 - 3:22pm
Unfortunately I missed out on the lowest rates, as I was too busy with work at the time.
I ended up going with 2.375% 15 year on my primary and 3.25 and 3.625% 30 year on my investments. The 2nd loan is higher because the balance is small and it is a condo.
These are no-cost loans, ie the lender pays all closing costs and appraisals.
All-in my interest costs will go down about 5k a year.
I almost didn't bother with the 3.625% refi on the condo, since that's only down from 4.0% and the balance is low.
But why not cut the monthly payment and rate a little if it is no-cost, and the underwriting is going to happen anyway since all three are with the same lender? I have a feeling I will pay it down quite a bit over the next few years since 3.625% is a pretty good fully safe investment return.
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