80/20 mortgage what’s the best scenario now?
I bought a fixer-upper 5 years ago and took out an 80/20 loan. The first loan is 5.25% for 30 years, the second (20%) is at 9.8%. I didn’t want to have to pay nondeductible PMI and wanted the extra savings to go into the home, and have a deductible at the end of the year. I plan on staying in my home for 15+ years, are there better alternatives in refinancing? Any suggestions in stretching my dollars further?