Question: How to refinance the existing house?

(Posted by: keyquest on 2009-02-02 18:19:19)

Hi thr. My father owned a house and currently he is paying $1200 per month 4 the house.n now he got a offer from other bank which 4 refinancing.n after refinancing the monthly payment will down to $750 per month.Can anyone tell me how its possible, n also the pro n con of grab this offer? Thanks

Posted by: willisr2002 on 2009-02-02, 18:34:58

Make sure it's a fixed rate @ about 5% 145,ooo financed is about 750 + ins. and taxes