Refi-Money out question


S

Sportsfan

I have two mortgage loans, one at 5.75 on which I owe about 43600 at 5.75%
and one I owe about 43600 at 6%. I want to refi and pull some cash out
between $20,000 and $25,000. My credit scores are in 790's wife's in 770's.
Any thoughts on what rates I might be able to get? Current rate being
offered by local bank is at 5.5% for fifteen year.
Homes have been selling for $240,000 to $260,000 in my area, so even a
$110,000 loan would be well under 50%, even assuming some downturn
 
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