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Updated over 10 years ago,

Tou V.'s profile image
Tou V.'s profile image
Tou V.
  • from Stockton, California
  • Member since Apr 22, 2014
Connect

User Stats

93
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13
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Tou V.'s profile image
Tou V.'s profile image
Tou V.
  • from Stockton, California
  • Member since Apr 22, 2014
Connect
Tou V.
  • Stockton, CA
13
Votes |
93
Posts
Private Lending & Conventional Mortgage Advice

Refinance or not?

Tou V.
  • Stockton, CA
Posted

Have a question here. I have 2 loans, each are 30 years fixed @ 6%, with 25 years remaining. I can keep paying on them or refinance to 30yrs @ 4.875% loans and save total of $280 monthly after refinance. New closing costs for both loans would be around $7500, which I'd have to pay out of pocket. What would you do? Thanks.

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