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Refinance Question
I currently have a $165,000 @ 4.25% until 3/2009. I am in the first adjusted year (yr 6) of a 5/1 libor ARM. I also have $37,000 @ 3.25% home equity loan. I am considering combining these into a 30yr fixed rate of 4.75%. I am having a hard time making this move since I am paying over $500 a month towards principal and when I refinace it will drop down to $270. Should a wait?
Views: 1007 Posted: > 1 Month Ago by mortgageman
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