View Single Post
Old 05-26-2013, 3:34 PM
Gilcontr Gilcontr is offline
Join Date: Nov 2012
Location: Long beach, lakewood
Posts: 480
iTrader: 13 / 100%

I'm wondering whether it makes sense for me to refinance...

I have a house I'm renting out (my first house). I bought it around 2010 using an FHA loan at 4.5%. Currently, I am still paying mip and am considering refinancing in order to eliminate it and get in at a lower rate. Based on what is happening with the market, I feel that the house may appraise slightly above what I got it for (bought it a little on the high side). Reason I'm on the fence about refinancing is because I am thinking of selling it at some point. Just not sure when.

Thanks in advance!
Reply With Quote