she did not mention that

you need paid a few thousand dollars as the closing cost to do this re-finance. Since your loan amount is too small (only $80K if I understand your post correctly), you will have to pay some closing cost to do re-finance (2 to 3 thousand dollars). What you save in your futhur payments due to lower rate you get in re-finance may not be able to offset your upfront closing cost.

所有跟帖： 

• no closing cost -leilei123- ♀ (120 bytes) () 08/11/2010 postreply 17:17:40

• What's your loan amount? Did she mention any points? -东门庆- ♂ (444 bytes) () 08/11/2010 postreply 17:26:55

• Re -leilei123- ♀ (265 bytes) () 08/11/2010 postreply 17:30:52

• Nromally HELOC can't be 1st lien -RE8888- ♂ (269 bytes) () 08/11/2010 postreply 17:34:01

• Thanks. -leilei123- ♀ (0 bytes) () 08/11/2010 postreply 17:36:45

• points is also the money that you need pay -东门庆- ♂ (285 bytes) () 08/11/2010 postreply 17:35:42

• Thanks a lot. -leilei123- ♀ (0 bytes) () 08/11/2010 postreply 17:37:23

• You have paid 5 years, if you refi for another 10 years -nnong- ♀ (287 bytes) () 08/11/2010 postreply 21:35:27