05-05-2008, 03:24 PM
[quote mikebw]Hmm, not sure if that will help since my two loans are at different rates. The big loan is 5.875% I think, and the smaller is closer to 8%.
That shouldn't matter unless you are trying to consolidate into one loan. Otherwise you are going to refinance each loan separately as they are now. Plug the #s in for each loan. I'm guessing you'll want to refi the 2nd loan (assuming it's of a high enough value to refi) and keep the 5.875% loan (unless it's an ARM).
That shouldn't matter unless you are trying to consolidate into one loan. Otherwise you are going to refinance each loan separately as they are now. Plug the #s in for each loan. I'm guessing you'll want to refi the 2nd loan (assuming it's of a high enough value to refi) and keep the 5.875% loan (unless it's an ARM).