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Thread: Refinancing mh
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Old 04-29-2020, 08:07 PM   #27
Mr.Good
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Brand: Still Looking
Model: Newmar Ventana LE
State: Tennessee
Posts: 77
THOR #16834
Quote:
Originally Posted by Glenn Briglio View Post
Need to refinance my Axis mh. Suggestions of what companies to use?
We just bought our new coach in March, financed it with the dealer (for an extra $3,000 off the price), with Bank of the West 5.74%. However, we got a home equity loan/mortgage (house was fully paid for) with Bank of America. Since we have other accounts with them, we got a rate of 3.25% and paid of the Bank of the West loan.

Refinancing probably would involve extra closing costs/fees, although you'll need to run the numbers. Consider continuing making your extra principal payments, as it might be cheaper.

I had a house that I purchased in 1998 with a 30 yr. mortgage, but by making big extra principal payments, I had it almost completely paid off in 10 years. (saved a lot of $ in interest).
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