Just closed on a house this month. The broker I was working with couldn’t match some jumbo loan products available from competitors, and there wasn’t enough time to switch lenders.
I’m now looking to refi. I was shared the below rate sheet from a lender today. I have full intention of being in this house for 10+ years.
Am I evaluating this correctly? Is there any reason not to choose refi option #1 or #2 over the others? The only reason I can think is the opportunity cost of using that extra cash on hand for some renovations in the short term. #2 seems the most immediately appealing to me.
Chart with current loan and proposed options
submitted by /u/_post_nut_clarity