Login|Contact Us
Question and Answer

Finance

Ask a Finance Question, Get an Answer ASAP!

  • Ask A Question
  • Browse Answers
  • Meet The Experts
  • How JustAnswer Works

i have 5.27% mortgage rate should I refinance to 3.875 rate

 
rakhivasavada's Avatar
  • Answered by:rakhivasavada
  • Financial and Legal Consultant
  • Positive Feedback: 95.2 %
  • Accepted Answers: 1654
Verified Expert
in Finance

Recent Feedback

Positive
vg
Positive
vg
Positive
vg
Positive
vg
Positive
ds
Positive
thank you
Positive
Thank you
Positive
Thanks for your help
Positive
thank you so much
Positive
thank you

Customer Question

i have 5.27% mortgage rate should I refinance to 3.875 rate with 2200 closing costs

 

Optional Information:
Country/State/Province of question: ohio

Submitted: 332 days and 21 hours ago.
Category: Finance
Value: $30
Status: CLOSED
Picture
Expert:  rakhivasavada replied332 days and 21 hours ago.

Dear Friend,

Let me tell you, you are getting very good refinance rates and given the bottoming out of rates, this offer should be certainly availed. So far as closing costs are concerned, you will recover / break even that in couple of months and thereafter, it would be direct savings.

You will getting almost 27% cheaper rate, that should be availed.

Hope this helps.. You may use "CONTINUE CONVERSATION" to revert with additional queries if you have if I have missed out on any aspect of your question. Rate this answer ONLY IF you are done with this and if this helps and satisfies you.

Warm Regards,

 
Tweet

9 Financial Professionals are Online Right Now

Ask Your Question Now
Finance Questions Date Submitted
Hi I bought a condo hotel in 2008 that was in pre construction 5/15/2013
Hi, I am living near San Francisco and my son from Seattle 5/15/2013
Hello, I've recently inherited a somewhat decent amount 5/13/2013
I would like to know more about Simplified Employee Pension 5/11/2013
Dear Bill,( finance ) I HAD GIVEN $ 100,000 ABOUT 7 YEARS 5/10/2013
Hello,I need help I am lost and I am on a time limit.create 5/9/2013
I want to take a hardship loan from my 401k to buy a 4 season 5/2/2013
where can I get benchmark for Customer aquisition costs? and 4/29/2013
I am looking to see if Amazon, IBM, and Microsoft are undervalued 4/28/2013
Alan and Barbara are in the process of purchasing their first 4/25/2013
RSS
Next 10 >
Ask A Financial Professional
Type Your Finance Question Here...
characters left:

Top Finance Experts

See More Financial Professionals

JustAnswer in the News

Nbc
Washington Post
New York Times
Cnn
Learn More

How It Works

  • Ask an Expert
  • Get a Professional Answer
  • Ask Followup Questions
  • 100% Satisfaction Guarantee
Learn More
close
Find Expert answers related to your question.
Sign up using email
We will never post anything without your permission.
Already have an account? Sign in

Ask a Financial Professional

Get a Professional Answer. 100% Satisfaction Guaranteed.
237 Financial Professionals are Online Now
Type Your Finance Question Here...
characters left:
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Truste
Contact Us | Terms of Service | Privacy & Security | About Us | Our Network
© 2003-2013 JustAnswer LLC
  • Pearl.com
  • JustAnswer UK
  • JustAnswer Germany
  • JustAnswer Spanish
  • JustAnswer Japan