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Need advice on refinancing my current mortgage
This is a discussion on Need advice on refinancing my current mortgage within the Mortgage Talk forums, part of our Mortgage Chat category; I am a single female homeowner in my mid 50's with a current mortgage of $90,000. I have ...
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July 17th, 2008, 05:53 AM
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|  Need advice on refinancing my current mortgage I am a single female homeowner in my mid 50's with a current mortgage of $90,000. I have a 5/1 ARM which will change in July 2009. I have a fico score of 750. My home is currently appraised at $289,000. I have been reluctant to refinance due to my low monthly payments. I need to keep my payments low and was wondering if I should refinance now with another 5 - 7 year ARM or wait until the end of 2008 with another type of loan.My home is also in need of siding and new shingles. I don't want to add any more money onto my existing mortgage. I am planning on retiring in 10 years. Would appreciate your advice. |
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