1. 5.125% and 265K (with 20% equity)
2. We are pretty sure will only be here for a few more years at most. We are actively trying to get back to Socal, hubby just needs to get a job first. It was So much easier to get out of Calfornia then to get back (hind sight is 20/20).
3. Not really interested in an ARM. While we don’t think we’ll be here much longer you never know what can happen, a lot of things have happened in the last year that proves you can make all the plans you want but then life gets in the way. So we’d like to stick with a 30 yr (though we could easily afford a 15 yr). We don’t want to get in a situation where were stuck here and then our loan adjusts. I just think these interest rates are crazy and don’t know how they can last.
I really should have refi’d sooner, but we thought we’d be moving (a few times actually) and didn’t want to go through the hassle. It’s entirely possible that my husband could find a job in a few months and we’d move so I’m fine with taking a loan at a % a little higher than the best rate just to have no costs. I’m going to try to call our current mortgage servicer (BAC) again to see if they’ll adjust the rate. I’ve heard some banks will do that if they’ll lose the loan.
