Refinance Mortgage Company
Why not seem to be a company that will Refinance My Mortgage loan without closure costs?
My husband and I bought a house last year at 6.5% interest rate. I think that thousands of dollars our mortgage company receive each year would be enough for them to have our loan. Our initial closing costs was about $ 3000 and I hear if we refi that it will be a $ 3000 and that it is not worth it … just pay a little more with each payment. Now for my question, would I think a bank wants to take my loan from another company just to get the thousands in interest we pay each year. From what I can see, it seems only "not close cost "refi opportunities wrap up" fees "in the loan. I want to get my interest rate below 6% and not pay closing cost refi. I suppose I just dreaming? I am not talking about getting the credit I deserve. I'm not Bogue. These bills are paid.
Yes, you are pretty much dreaming – while some parts of the final Costs are negotiable (courier fees, etc.), some are not (recordation fees). You can probably knock about $ 500 off the end with some good talks, but Fixed costs are yours, and the bank will not eat your costs for you. Also in case you have not noticed, average 30 years of fixed rates are now up over 6.1% so the only way to get a rate of less than 6% will be to pay points, which will just add to your closing costs. Finally, the thousands pf dollars of interest not just go into the boxes of the banks, they will be used to pay interest on savings accounts (which is where the money to borrow from), overhead, salaries, etc. So, as in any business losses come from your interest (the good payers always end up paying for bankrupts etc., much like those of us who go through the checkout line to pay for shoplifters).