Home › Forums › Financial Markets/Economics › Refinancing to a rate below 5% without 20% equity… › I assume you mean with less
I assume you mean with less than 20% equity and a loan amount above 80%…..
Some lenders charge an extra .25% at origination if you don’t want an impound account. I don’t.
Up to 90%, I have options with better rates and no extra charge to waive an impound account.
Above 90.01%, I think that impound account may be mandatory per mortgage insurance requirements… HLS
