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re: Anybody refinancing today?

Posted on 2/29/20 at 10:54 am to
Posted by baldona
Florida
Member since Feb 2016
20661 posts
Posted on 2/29/20 at 10:54 am to
quote:

Our lender contacted us this week offering a refi from our current 4.5% to 3.375% with ~$4,000 in closing costs to be rolled into the new loan amount, nothing to pay "out of pocket" and that we'd "skip" March and April's loan payments.


That’s a sales pitch, someone doing a good job but they are shafting you. Shop around, you can easily beat that. I mean yes it would be good for you to do, but you can certainly do better.
Posted by Jwodie
New Orleans
Member since Sep 2009
7223 posts
Posted on 3/1/20 at 7:23 pm to
Thanks - when you say when can do better, are you referring to lower closing costs? What amount in costs should we be targeting at that rate...?
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