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re: Question about home refi

Posted on 5/18/20 at 1:02 pm to
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6222 posts
Posted on 5/18/20 at 1:02 pm to
quote:

there are no lender or title fees, no credit check, no appraisal, and no income or asset verification.


Ya right. Waiving some fees and appraisal is happening now, but no credit check or income verification? Sounds like a scam.
This post was edited on 5/18/20 at 1:03 pm
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48799 posts
Posted on 5/18/20 at 1:04 pm to
It's my current mortgage company so its not like it's just some random solicitation. I just don't know how they are benefitting from this.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16332 posts
Posted on 5/18/20 at 1:05 pm to
quote:

but no credit check or income verification?


That does seem a little strange. We had to do all of that for our refi. Also they had us do an appraisal too. House value went up $10k since last July. Not that it means anything as we aren't moving anytime soon.
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