re: Question about home refi

What was the original term and how many years do you have left? They may be banking on people having a tough time economically and will get you to refi back to 30 years.

I did a refi with my same mortgage company that we closed with last July. They gave me credit on all of the closing costs so it was essentially a no cost refi. I went from 4% to 3.25%.

Doesn't hurt to talk to them and see what it is all about.