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Home › Forums › Financial Markets/Economics › Paging HLS: 15 year conforming › Based on your scenario, YES,

December 17, 2008 at 9:56 AM #317208
HLS
Participant

Based on your scenario, YES, it makes sense..
The question is if you wait, will it make MORE sense!

I’ll be happy to give you some options…

You may be able to do a no fee loan with costs
OR
pay a bit to get the best rate possible and lowest payment for the life of the loan.

I’m not sure that I would recommend a 15 YR over a 30….depends on your situation.

You will save money every month, it will take a certain number of months to recover the costs, then you are saving for every month beyond that.

I cannot imagine that fixed rates will go much lower, but in these crazy times ANYTHING is possible.

Feel free to contact me if you wish… , HLS