{"id":27983,"date":"2009-01-21T14:04:43","date_gmt":"2009-01-21T14:04:43","guid":{"rendered":"http:\/\/www.brownstoner.com\/?p=27983"},"modified":"2009-01-21T14:04:44","modified_gmt":"2009-01-21T14:04:44","slug":"refinancing-que","status":"publish","type":"post","link":"https:\/\/www.brownstoner.com\/forum-archive\/2009\/01\/refinancing-que\/","title":{"rendered":"Refinancing question"},"content":{"rendered":"<p>I&#8217;m wondering if I&#8217;m in a position to take advantage of today&#8217;s lower mortgage rates by refinancing. By way of background, I secured an HSBC CommunityWorks jumbo loan in mid-2007 for a condo in Clinton Hill at a rate of 5.75%. I also took another loan (NOT a mortgage, and therefore non tax-deductible, sadly) to make up the balance of the purchase price, at a somewhat higher interest rate. <\/p>\n<p>My questions are two-fold: first, can I take advantage of the current new rate of 4.6%, or is CommunityWorks for first purchases only and not refinancing? Second, if I CAN use CommunityWorks for refinancing, would it be possible to roll-in the cost of my second, higher-inerest loan into my mortgage, since the jumbo threshold was been revised upward?<\/p>\n<p>Thanks for any advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m wondering if I&#8217;m in a position to take advantage of today&#8217;s lower mortgage rates by refinancing. By way of background, I secured an HSBC CommunityWorks jumbo loan in mid-2007 for a condo in Clinton Hill at a rate of 5.75%. I also took another loan (NOT a mortgage, and therefore non tax-deductible, sadly) to&#8230;<\/p>\n","protected":false},"author":3644,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[100],"tags":[],"districts":[],"class_list":["post-27983","post","type-post","status-publish","format-standard","hentry","category-mortgage"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2009\/01\/refinancing-que\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Refinancing question","url":"http:\/\/www.brownstoner.com\/forum-archive\/2009\/01\/refinancing-que\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2009\/01\/refinancing-que\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Mortgage","author":[{"@type":"Person","name":"nellymikhaiel"}],"creator":["nellymikhaiel"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2009-01-21T14:04:43Z","datePublished":"2009-01-21T14:04:43Z","dateModified":"2009-01-21T14:04:44Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Refinancing question\",\"url\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2009\\\/01\\\/refinancing-que\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2009\\\/01\\\/refinancing-que\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Mortgage\",\"author\":[{\"@type\":\"Person\",\"name\":\"nellymikhaiel\"}],\"creator\":[\"nellymikhaiel\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"Forum Archive\",\"logo\":\"\"},\"keywords\":[],\"dateCreated\":\"2009-01-21T14:04:43Z\",\"datePublished\":\"2009-01-21T14:04:43Z\",\"dateModified\":\"2009-01-21T14:04:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/brownstoner.com\/p.js"},"jetpack_featured_media_url":"","print_hed":"","photo_gallery":[],"print_subhed":"","print_slug":"","syndication_thumb":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/27983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/users\/3644"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/comments?post=27983"}],"version-history":[{"count":0,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/27983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/media?parent=27983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/categories?post=27983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/tags?post=27983"},{"taxonomy":"districts","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/districts?post=27983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}