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What are the things to consider when refinancing a USDA to a conventional loan?

by chanin.graves293 from Hartford, Connecticut. Oct 1st 2015 Reply


Jason Bennett (jbennett)
#102 ranked lender in Pennsylvania - 70 contributions

Interest rate, payment, fees, equity, credit score...If you are in the northeast region and in a footprint state of the bank I work for(one of the top regional banks in country), I can compare both programs as I have access to both. You can contact me at: jabennett2@mtb.com Jason Bennett NMLS#147890

Oct 1st 2015
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Derick Condron (rightstartoregon)
#30 ranked lender in Oregon - 598 contributions

Current market value to loan amount, difference in interest rate, length or time in your current mortgage, time to recoup the cost.

Oct 1st 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Also, what your objectives are for refinancing, lower rate, lower payment, etc?

Oct 1st 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Also, how long you expect to live in the home after refinancing.

Oct 1st 2015
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