Refinance Complete!

Money & Finance, Paid Advertising, PayPerPost - - Posted on February, 18 at 6:07 pm

Not long ago I posted about how Mr. Wonderful & I were looking into Mortgage Refinancing since rates dropped again. Just a few phone calls and e-mails later I got everything setup and ready to go. We did a few things in hopes of squeezing every last dime out of the new appraisal so we could avoid PMI by having 80% or better loan to value.

I’m happy to report the appraisal was a success! We got what we were hoping for and learned that our kitchen remodel project had about a 166% return on our investment (even better!) The most difficult thing about the whole process was signing the stack of loan closing documents. Not a bad deal considering we reduced our monthly mortgage payment nearly 25%! We now pay more for Mr. W’s monster truck than we do for our house. (Crazy!)

If you’re paying more than 6% on your mortgage you should really look into refinancing.

 

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