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I've an existing home equity line.
Last statement listed:
Balance---$191,000.00
Interest--$1,087.00
APR-------6.64%
I've tried to talk to the same bank and I've got from them the
following:
1. about $4500.00 in closing costs. I beleive he said that $1700.00 is
a point or something because he gives me a low rate.
Monthly payment I beleive he said would be $1200.00?
rate am not sure it was over the phone.
Anyway if I go to anothe bank or mortgage company ?
What can I expect?
I want to refinance it with 30 year mortgage.
Any idea on:
1. rate I can get?
2. closing costs?
alt.org.natl-assn-mortgage-brokers
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looking to refinance existing equity line for 30 year fixed
