Talk of The Villages Florida - View Single Post - Mortgage refi
Thread: Mortgage refi
View Single Post
 
Old 08-31-2010, 12:04 PM
under55 under55 is offline
Senior Member
Join Date: Jan 2008
Location: Village of Hadley
Posts: 381
Thanks: 5
Thanked 35 Times in 16 Posts
Default

We also had ours with Citizens Mortgage and were in the process of checking on a re-fi. But then I remember hearing about a practice everyone uses in Austrailia. Now this only works if your going to pay everything off in a few years. But what we did was to go to Citizens bank and get a Home Equity line of Credit. Instead of us paying the $3000 in closing we would have had at the Mortagage company Citizens bank is paid all the closing costs. They have 2 different ways you can go prime or prime plus 1. We did prime %3.25 right now.