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Updated about 4 years ago, 12/17/2020

User Stats

8
Posts
5
Votes
Jared Khan
5
Votes |
8
Posts

Options for Refinancing?

Jared Khan
Posted

BP,

I'm currently looking into refinancing my primary residence as my rate is high especially when compared to the current rate environment (30-year fixed at 4.75%; bought late Q1 2019).

The LTV is still >80% so whatever savings I do get from the reduction in P&I post-refi will be lessened a bit by whatever the amount of PMI I will have to pay is. Still, it's worth the savings over the life of the loan.

My question is:

Are there any lenders/credit unions/etc. that allow closing costs to be paid for using a credit card? If so - which ones?

I'm looking since at least one of my credit cards offers 2.00% cash back; may have one or more that offer a higher percent.

Thanks!

-J

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