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Refinancing - Who's in?

Started by bluemoco, January 07, 2009, 10:31:23 AM

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bluemoco

#15
January 08, 2009, 03:07:09 PM
Quote from: mitt on January 07, 2009, 08:06:12 PM
I could probably do well right now to refin, but I always am hesitant when my current mortgage company (Wells Fargo) has been good to work with for 10 years.  I don't want to have my new loan sold to some 3rd party company that sucks.

mitt

I just got an email from my Wells Fargo rep.  He says that he's got 4.75% loans for 15, 20, or 30yr periods. 

That's a full percentage point lower than my current loan.
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Monsterlover

#16
January 08, 2009, 03:52:32 PM
So WF quoted me 5% fixed for a 20 year (im at 6.625 now)

Payment difference per month is $78.  It would take me 26 months to recover the closing costs.

Conveniently, the no cost close at home deal has been taken away.  Im not surprised.  It's a way for them to stop a cash hemorrhage
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