Asked by GWINLINDA  |  Submitted December 07, 2016

I have a 30 year fixed mortgage at 3.625% would I benefit from refinancing?

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  Answers  |  1

December 07, 2016

Hi, It is too general of a question. I assume this is a conventional loan? Do you currently have mortgage insurance? How long have you had your current loan? The 30 yr conventional loan is up around 4.00% now, so you could benefit if you need to drop mortgage insurance, or shorten your term to a 20 yr or 15 yr assuming you could income qualify. Feel free to contact me.

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