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Renovation to Refinance

For T & J Williams

Hi Jessy & Trent, Here are the options we have spoke about in preparation of completion of the renovation. Value - I'm using 503k to 531k in value ( low & high ) and the only impact will come from what the PMI rate will be based on the LTV ( equity ) during the refi process. I also added in a 3rd column to show you how build out that equity position with the savings from the refinance.

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National Rate Averages
Conv. 15-Year Fixed

%

-0.005

Conv. 30-Year Fixed

%

0.002

FHA 30-Year Fixed

%

0.003

Jumbo 30-Year Fixed

%

0.014

Conv. 15-Year Fixed
Conv. 30-Year Fixed
FHA 30-Year Fixed
Jumbo 30-Year Fixed
Conv. 15-Year Fixed
Conv. 30-Year Fixed
FHA 30-Year Fixed
Jumbo 30-Year Fixed

Average interest rate values are calculated from actual locked rates with consumers across more than 30% of all mortgage transactions closed nationwide. For more information on how these indices are calculated, read more.

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