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Applied for ReFi Loan

October 4th, 2019 at 03:33 am

Originally Published 09/10/19

Yesterday's trip to the DMV was a success. So, with registration in hand, I submitted an application with Essex Credit to refinance my 5th wheel loan.

I expect that I may need to pay down the principal some. I bought the 5th wheel new and we all know what happens to the value as soon as it is used instead of new. I don't know the current value and I am not certain if they do 100% LTV or if it is less. Will just have to wait and see. What I do know is that I would much rather be paying 4.69% than 6.74%, so I will cough up whatever principal is needed to make it happen.

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