Related Posts
How is Salesforce project in Coforge? WLB etc..
Goldman layoffs hit quick. 🫡 good luck out there
Hi I'm looking for a job switch. Currently I'm working with WNS as Senior Associate. Can someone help me to get a bette opportunity
I'm working in healthcare process for a pharmaceutical client. Web content Management, SharePoint content specialist, SharePoint webparts, website maintenance,Internal communications and various email campaigns tools.
Tata Consultancy
Accenture
American Express
Genpact
Wipro
Infosys
Additional Posts in The Real Estate Bowl
Can I get a commercial loan without 25% down?
New to Fishbowl?
unlock all discussions on Fishbowl.



Realtor here- Go for it and refinance at $0 again if rates drop in 6-8 months. I have doing the same for my clients with my lender currently
Escrow is not even a "cost" as you get your current escrow refunded. Sounds like a no brainer to me. We're going to be headed towards a correction aka recession in the not so distant future. If all you're really paying is appraisal, you can just do another refi in a year or two when the market corrects.
How do you get a bank to offer you a refi with no closing costs?
All you’re doing with a “no cost” refi is tacking on the fees you’d otherwise pay out of pocket onto the principal of your existing loan. Typically, refinancing isn’t recommended for less than a full point drop in the interest rate, or 1.5 if you roll those costs into your loan.
I refinanced my house 4-5 times as rates dropped from 2000 to 2021. You probably also will have to pay for a new title insurance policy.
Not for owner title policy. That’s stays with you till home ownership. Lender title insurance should be covered as part of lender credits.
Whosoever messaged me, sorry for the delay. I shared the contact info in your messages.
Nah, I’d keep fixed. The ARM is the only reason you have a lower rate.
What bank are you using?
Not a bank. Local mortgage broker
Is your 6.375 an ARM also? If not, I wouldn’t. What makes you so certain mortgage rates will go down? If they go up you could be screwed. Half a point down is not materially a big difference
Why not? It's still 7 years fixed. Very good chance that either rates will go even lower before then, or that you won't even be in the house at that point.