I was more focused on getting my payment down at this point.

I also didn't want to come out of pocket because there's a good likelihood we'll turn this into a rental property in 3 to 5 years.

Renting in Tuscaloosa is like Blacksburg but on steroids.

It's dropping my payment by about $200 a month.
[Post edited by ElbertoHokie at 03/05/2020 10:14AM]

In response to this post by EDGEMAN

Posted: 03/05/2020 at 10:12AM

Well I'm refinancing. 4.5% to 3.25%. No out of pocket cost at the end -- ElbertoHokie 03/05/2020 09:55AM

What is this “mortgage” you speak of? ** -- BobG 03/05/2020 11:49AM

If you aren't locked yet check with Sebonic. I locked at 3%. -- MilwaukeeHokie 03/05/2020 10:16AM

I'm looking to refi into a 15-yr fixed. Going from 4.375 to 2.875 -- VTENGR 03/05/2020 10:14AM

What was cost overall ie what was added to principal to get this done? -- VT Pez4Life 03/05/2020 10:02AM

Nothing. My out of pocket cost is going to be about $1500, but I'm -- ElbertoHokie 03/05/2020 10:04AM

Are you switching to a 15 year fixed mortgage? -- EDGEMAN 03/05/2020 10:10AM

I was more focused on getting my payment down at this point. -- ElbertoHokie 03/05/2020 10:12AM

Question: To rent, do you have to buy more home insurance than usual? -- WestyHokie 03/05/2020 11:36AM

Probably all the above. I know that the county requires an inspection and -- ElbertoHokie 03/05/2020 12:10PM

I was more focused on getting my payment down at this point.

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