A California native transplanted in southern Illinois.Good news! It seems Harp 2 rates have come down a bit. Two months ago, I was offered 4.625% with no points. Today, I can get 4.375% with 1/4 of a point, approximately $450.00. I am moving ahead with the refi, which I am told will take approximately 60 days. This will drop my PITI approximately $150 per month, but reset my mortgage clock.
The month I skip a mortgage payment, I will pay Citi MC in full and just be done with it. That will free up an additional $50 per month.
What will I do with an additional $200 per month? I am thinking Roth and cash savings.
Yay!! 
Harp 2 Revisited
April 30th, 2012 at 07:57 pm