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raken40
soooo in love:)
Member since 5/05 4369 total posts
Name:
Karen
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mortgage question
We are going to be taking out a 1st and 2nd mtg to avoid paying PMI. Lets say next year the interest rates miraculously drop..Can i refinance both? is there a penalty?
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Posted 6/12/05 6:25 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
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Re: mortgage question
Hmm, good question. We did the same thing. I know the rate on our second morgage isn't fixed but it is less than our main mortgage.
I am sure you can refi the main mortgage, and that would benefit you regardless since it's the larger amount.
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| Posted 6/12/05 8:31 AM |
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steph4777
**************
Member since 5/05 11726 total posts
Name:
Stephanie
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Re: mortgage question
it depends if there is a prepayment penalty on the mortgage.
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| Posted 6/12/05 11:31 AM |
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