8.99/30 year amortization and 3 year term
3 points total
and normal closing cost of estimated less than $3000
2 year prepayment. I can not pay it off prior to 2 years.
This Rate is more than I was hoping. Hoping for 8.25, but points are less. I will pay off the costs of this loan with the savings in 12 months.. and after that save approx $700+ a month.
1. send a note to the current lender .. see if they can match or exceed the deal. If I go w the current lender my cost will likely be less. The Broker is getting 1 of those 3 points above. Also current lender should have less closing costs (**thsi is done, waiting to hear from them**.. be a dream if current lender coudl do it**)
2. research some other lenders.
HR call at 3pm for another job.
Main house refinance offer