Help with VA Loan and Refinance : personalfinance

by akoloy


Hi, recommendation requested. New house owner, and never very house mortgage savvy. I’m eager about refinancing for decrease curiosity, however I would love recommendation earlier than I make the leap. I purchased my house a yr in the past, mortgage data under. I could PCS (orders to maneuver to totally different army base) in a yr or two at which level I could promote the house. Is it price it for me to attempt to refinance now and pay the charges related to it, or simply sit with what I’ve since I’ll be promoting so early in my mortgage time period?

Current Loan: $235,000, Citizens Bank

Rate: 3.25%

Type: 30 yr VA Loan (Active Military)

Property taxes and Hazard insurance coverage are rolled into the month-to-month fee.

For what it is price, I’ve an Excellent credit score rating, and I’ve been within the Army fairly some time, so getting a greater fee is not onerous, however I’ve been informed do not even hassle except I can get 1.5% decrease.

Thank you for the assistance!



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