Good News On The Monetary Homefront...
#3
huh? No not increasing the loan amount or extending, just lowering the payment, they have a program with our lender, you just call them when it drops more the 1% and they send you out a piece of paper and yer rockin.
#6
Be careful, sometimes the fees that are associated with re-financing are large enough to offset the benefit of the lower interest rate. Also, there may be a cap as to how many times you are allowed to re-finance.
I'm sure you know this, but just a heads up anyways.
I'm sure you know this, but just a heads up anyways.
#7
Umm, no we prolly aren't going to move with the payment going down so much. No we aren't technically "refinancing" we have a deal with the bank that if it drops more then 1 point we can lower our rate without doing a total refi, nothing changes on the loan, not even the loan number, I can't remember what it's called, but a lot of banks offer it on FHA loans.
#8
If you are interested, email me a copy of your good faith estimate. WA is like the only friggin state I cannot originate loans in, but I can tell you exactly what you are getting. brian@1stoptionmtg.com