Quote:
Originally Posted by smokin5
I'm in the process of refi'ing as we speak (type?).
Supposed to close Friday.
Dropped my rate from 5.75 to 4.5, reducing my
monthly payment almost 23%.
Granted, I'll be paying 7 years longer,
but at that rate, who cares? I can pay it off
early, or let my money ride at an historic low rate.  |
Is it a fixed rate or adjustable (ARM) that will reset in so many years down the road?