Hmmm... maybe I should just start a new thread not to hijack this one cause I had no clue about no-cost refinance. I was trying to go about it on my own through my credit union back in VA as opposed through a broker shopping it around. I just thought I'd jump on this one since it involved the falling interest rate.

1) Rate, fixed or variable

7.4% fixed

2) Term of loan

30yr

3) Loan amount?

prefer not to say in the Lounge

4) Current value of home?

not much more than it was 6 months ago, and hopefully not less



I just want a lower interest, lower payment, and lower PPI that's killing me Almost $400 extra per month.