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re: No cost refi offer

Posted on 5/2/21 at 11:33 am to
Posted by meansonny
ATL
Member since Sep 2012
26000 posts
Posted on 5/2/21 at 11:33 am to
quote:

quote:
The only guarantee he gets in this scenario is that he gets a better loan for no cost. If he has to relocate, it doesnt cost. If he has to refinance again for cash out, it doesnt cost. If rates improve and he can no cost refinance down to 2.99% next year, this refinance didnt cost.
It is the freedom of a mistake free scenario.


If you want to correct the above statement, go ahead. Im willing to listen and learn.


Crickets.
Congrats on contributing 5 posts to a thread with no tangible contributions. Do you wanna go for 6 posts?
Posted by Laryngitis
SouthLA
Member since May 2010
362 posts
Posted on 5/2/21 at 11:49 am to
Thx for the input. I recall Wells Fargo did the same thing on my first house I owned -- the rate was a little higher but no cost involved.
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