With the Fed dropping 50 basis points off the current rates theres a lot of talk about refinancing, rates seeming 3.5-3.75%
I learned that my loan type (USDA) I can refi, but has to be 12 months (April 16th will be our 12 months since closing), so I may look to get the ball rolling. I'm currently at 4.5%. I wouldnt take out any equity (not really much in it, other than the appraisal valuing it more than what my balance is), just looking to lower my payments
Anyone else looking to refinance? Or even have experience having done that for those of us who are newbs?
Any info is appreciated!!
I learned that my loan type (USDA) I can refi, but has to be 12 months (April 16th will be our 12 months since closing), so I may look to get the ball rolling. I'm currently at 4.5%. I wouldnt take out any equity (not really much in it, other than the appraisal valuing it more than what my balance is), just looking to lower my payments
Anyone else looking to refinance? Or even have experience having done that for those of us who are newbs?
Any info is appreciated!!
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