Conventional refi question

Conventional refi question › Conventional refi question
0 Vote Up Vote Down
LashesProDags asked 4 years ago

So I have been trying to figure out if it’s better to refi under conventional loan or streamline FHA. I haven’t gotten any numbers for FHA, but have gotten one for conventional and I’m trying to figure out what this means.

The interest rate is 3.75 % with 1.375% discount points. Does this mean I would be paying 5.125 in interest? Because then it doesn’t make sense to me. Right now I’m paying 3.75% + 1.25% PIM so total of 5%, did I calculated this correctly?

My mid score is 720 EX, can I get better rate?

Random Questions
  • MR points transfer between cards
    When I logged in Amex, I saw something like "Reward points are across multiple cards". How do I transfer the points between my PRG and ED, just like Freedom and CSP.
  • BEST CARDS FOR 0% APR CHECKS/BTs ??
    Hey All, So, after 2 years of apping and building my score/profile, I'm reassessing my credit file andfiguring out my plan for the next year (after I complete my mortgage refinance - 8 months in the …
  • Capital One pre-qual
    I checked tonight on a whim to see what I was pre-qualified for. It said I was prequalified for the Cap One Venture card which I was excited about. I'm going on a long trip …
  • Cleaned DW report, score jumped to 781 – need card recommendation
    DW EX FICO 8 was 589 in May and is now 781! 1) Removed 2 collections - GONE2) She was an AU on 2 of my cards - lowered util on these 2 card from 90% …
  • Best Place to go for HELOC with high inq’s
    Any recommendations for HELOC or HEL on paid-off investment property with high inq's and scores in the high 600's?
Random Posts
  • Does the bank offer..?
    A different type of card to buy things online? I do not wish to use my credit card.. do not feel safe.
  • Should we get compensated?
    I rent from a very big rental corporation, Canada wide, mainly known as Boardwalk. Can I say that?? Anyways over 40 townhouse units were flooded with sewage, from a city sewer line break! Water was …
  • Does this living/expense plan sound good (financially)?
    So im a 20 yr old college student. Im living with my parents b/c i cant afford dorming. (my parents pay $ 9,000 tuition a year which comes out to $ 750 a month). My …
  • How can I consolidate my credit card debt?
    I have a credit card debt. I can offer in the mail in order to consolidate my credit card debt and reduce my debt in half and a fixed monthly payment. Are these good deals? …
  • Credit Score and Mortgage Situation..?
    My husband and I were looking into buying our first home with the intentions of obtaining a FHA loan. However, after doing some research a couple months back, I discovered that my husband had a …
Random Topics
Register New Account
Reset Password