08-26-2010, 09:22 PM
That's the part that has me feeling greedy (but I think my less risky side will take over). It's gonna save about $8500 over the life of the loan and maybe about $25 or so a month.
The other side to that is even if it goes down another .125, it's not that big of a savings. Can't imagine it'd go down much more than that at a time so the risk may not be worth the gain.
(It's a special program that rates will always be slightly higher than traditional 30 yr. deals.)
The other side to that is even if it goes down another .125, it's not that big of a savings. Can't imagine it'd go down much more than that at a time so the risk may not be worth the gain.
(It's a special program that rates will always be slightly higher than traditional 30 yr. deals.)