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re: Paging GFunk or any anyone in the home mortgage lending business

Posted on 9/20/17 at 5:50 pm to
Posted by HYDRebs
Houston
Member since Sep 2014
1243 posts
Posted on 9/20/17 at 5:50 pm to
Not a cash out. He should be able to lock in 3.00% with normal closing costs easily. Might get to 2.875% on the right day with the right lender.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38692 posts
Posted on 9/20/17 at 6:45 pm to
quote:

Not a cash out.


I just spoke with Bill again. He said his mortgage company on his first loan (he called them first) said that the reason why his rate his higher (was quoted 3.125 %) is because he is looking to do a "cash out refinance loan."

Does this vary from lender to lender? Or was the person he was speaking to misinformed?
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