With interest rates so low, I have been working on a ReFi for my home.
We have a fairly decent rate, but I had said if I can get it one whole point lower, it would be worth it.
I'm actually enjoying the process, because I don't NEED to refinance - I'm going for lower payments, not cash out, because I'm getting closer to retirement.
I had done a lot of homework, and AmeriSave seemed the best option.
I'm "in process", and I would lose the $500 processing fee if I crash out, but it might be worth it if Quicken Loans can get me a better rate.
Currently, it appears that Quicken Loans will eat my $500 loss, but they haven't quite settled on an APR - definitely lower than what I have, but not sure it's equal to or lower than AmeriSave.
Just throwing this out there for "sounding" from my friends.
And the $500 gets credited to the loan if I stay with AmeriSave, but I'm really tired of dealing with Chase Bank. Chase has very GENEROUSLY (cough, sputter) offered me a HALF point lower if I ReFi with them.
Waiting to hear back from Quicken Loans.
We have a fairly decent rate, but I had said if I can get it one whole point lower, it would be worth it.
I'm actually enjoying the process, because I don't NEED to refinance - I'm going for lower payments, not cash out, because I'm getting closer to retirement.
I had done a lot of homework, and AmeriSave seemed the best option.
I'm "in process", and I would lose the $500 processing fee if I crash out, but it might be worth it if Quicken Loans can get me a better rate.
Currently, it appears that Quicken Loans will eat my $500 loss, but they haven't quite settled on an APR - definitely lower than what I have, but not sure it's equal to or lower than AmeriSave.
Just throwing this out there for "sounding" from my friends.
And the $500 gets credited to the loan if I stay with AmeriSave, but I'm really tired of dealing with Chase Bank. Chase has very GENEROUSLY (cough, sputter) offered me a HALF point lower if I ReFi with them.
Waiting to hear back from Quicken Loans.
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