Back from being gone on deployment the past 12 months and finally refinancing the home.
Currently @ 6.5% with total payments $2650 per month to include P&I and Escrow
780 credit score
Rocket worked to get me down to 4.99% while buying points. Owned the home the past 3 years will hit 4 years this Nov. resetting the loan pretty much all over again but will save tremendously on interest over the next 30 years - will add more on the P each month to turn this into a 25 year loan on my end. Current loan is only about 302 because when they did it they weren’t seeing my April payment yet that’s why this shows $305k
Q: Am I over paying for points? Am I rushing this process and should wait to see what rates look like after the FED this week?
Truly looking for just opinions and thoughts and if this seems like a good deal I’d appreciate the insight as well.
First time posting something like this so may be leaving out information so apologies about that.