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
It may be time to be time to let a broker make some money.
