Author Topic: Refinance the jumbo loan on my house?  (Read 230 times)

bornInFlorida

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Refinance the jumbo loan on my house?
« on: June 02, 2020, 03:14:35 PM »
Folks, I have a $800K+ mortgage with a 7 Year ARM (currently in my 2nd year) for my house (not rental property). My current rate is 3.25%. I was planning to shop for refinancing about 1 year before my ARM expires. Should I refinance now? When would it make sense for me to refinance? Also, I have excellent credit score, would my lender lower my interest rate without me having to refinance?

Thank you!

waltworks

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Re: Refinance the jumbo loan on my house?
« Reply #1 on: June 03, 2020, 11:17:58 PM »
You should be able to get around the same rate in a fixed 30 year right now. That's what I'd do.

-W