Elite Refuge Member
- Feb 8, 2017
- Reaction score
- Pasadena Maryland
Which is why I did a reg Ol refinance. Mainly to get the mortgage insurance off as we bought at 3.25 percent. Did get 3 percent an started our 6 years over. Saved bout 500 a month. They offered a decent chunk of change for money out. It was just not quite enough to do what we want an I wanted a lower payment. The closer guy said we were 1/20 doing a straight refi. Most wanted the money on the spot. Already had it spent. I’m happy. An glad we refi when we did.And those home equity loans have only contributed to the inflation problem. Way too much money being pumped into the economy. I never understood why people use their home as a piggy bank.
Mine is paid for, life is good.