We have purchased a new home in Jan. of this year, we have a 2nd home in closing. It will close by April 15th and I want to put 120K on the new mortgage (which leaves a 55K balance) so I will need to refinance and make the payments much lower. I would like a conv. loan with no penalties for early pay off. What rates can I get by doing this and how much will it cost me? Thank you,Lisa Stuttard

Lisa,There are alot of thing that go into a new loan, credit scores, the amount of years on the term, and the loan amount. With some banks they offer a little bit of a higher rate for loan amounts under 75,000. Also Interest rates are different from a 15 year fixed to a 30 years fixed. To be honest with you, the best thing to do is to call a couple differnt lenders and see what they can offer you.Jesse Stroupwww.idahofhaloans.com