Talking about renewal rate vs refinancing rate.rateconnect wrote: ↑ On a renewal your best rate will be in the 2.69% range
For the refinance option 2.89%
Based on a value of 770k max refi allowed is 616k
Both 5 yr fixed terms
Phil
Would the difference in rate still be the same regardless of the additional funds requested?
Say the mortgage owing is $115,000 but I want to refinance at $155,000? (ie Mortgage $115,000 + $40,000)
Property value 350K