Refi after one month? I think the math makes sense...

[Anonymous]

Sucks to take another HP but I think it is worth it. I refinanced with DCU last month and my APR went from 20% to 10%. WELL, my scores have skyrocketed 60-90 points in the last month and I now qualify for the 3.74% APR with them. Loan balance is $19,700. My payment would go from $380 to $326 and I would save about $3,600 over the life of the loan. I take the hard pull here, correct? Thanks for your input. 

[Appleman]

I am not sure if DCU will refinance their own loans. If they do, go for it and save some money!

Congrats on the improved scores.

[Anonymous]

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@Appleman wrote:

I am not sure if DCU will refinance their own loans. If they do, go for it and save some money!

Congrats on the improved scores.

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They do. It will cost me a $125 fee but again the overall savings are still significant. I think this makes sense to do. 

[Anonymous]

I think the $125 fee makes very much sense you'll still be saving a good chunk of 💰it's your call BluffCityNomad! 😉

[Anonymous]

I would happily trade an HP for $3,600.  HP's are really not a big deal long term $3,600 is a pretty big chunk of money to spend to avoid a HP so go for it if you haven't already.

[Anonymous]

I definitely would; did the same thing last year. Went from 9.99% apr to 2.99%. DCU is great to work with

[Anonymous]

What was your score when you refinanced the first time?