[quote=HLS][quote=no_such_reality]I’m sliding into analysis paralysis.
We’re about $20K above the $417K low conforming limit.
Checking the easy online sources shows about a 0.25% hit for being in the higher conforming zone. Is this carrying through or other places not doing that?
Refi-ing is a no brainer. Which refi is the question.
* Shave a 0.25% and keep the higher balance
* take a 1/8th point, use the credit to fund the impound and pay the extra towards principal and hope rates hold for six months and refi again
* kick in $20k and take the 0.5% off the rate
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If you have access to $20K, it’s well worth your effort
to get loan amount to $417,000.
Another factor is current home value.[/quote]
Sorry, missed this. Are there major break points on loan to value? 70% (30% equity), 60%? 50%?
