[quote=bearishgurl][quote=paramount]I just refinanced at 4.875% 30 year fixed Wells Fargo with a LTV of 103%.
New Payment: Just over $1100 PI.[/quote]
Paramount, I am so happy for you. This will enable you to “hang on” for 2-4 more years until the underwater inventory is washed away and you can get out clean. Smart move, and I’m glad you found a lender that understands the dynamics of what you’re up against. Meanwhile, you have a payment less than rent :=)[/quote]
Thanks…this refinance is almost no cost. I already received my good faith estimate and I think the cost was $700 or so, but I need to verify.
Having just been diagnosed with BPPV, this refinance will enable me to move much closer to work which is no longer optional due to my diagnosis.
For anyone even remotely interested, BPPV is basically a condition where a sudden episode of SEVERE vertigo strikes usually without warning. It is incapacitating and sort of like playing Russian Roulette.
