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I refi-ed 2 days ago

Started by hol4
over 17 years ago
Posts: 710
Member since: Nov 2008
Discussion about
I was approved over the phone at the locked rate, and was abel to get a .625 reduc no points, cc costs, anything. Now that rates are a bit lower, would I be wasting time calling my bank trying to negotiate to the lower rate? As I understand once the new lower rate is locked, that's it, because essentially the bank has already purchased the discussed rate? And apparently you can only do this once every 6 months, thanks.
Response by anonymous
over 17 years ago

It sucks--I did the same on a bunch of properties. As soon as the deed is filed you can refi again. What can you do...

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Response by alanhart
over 17 years ago
Posts: 12397
Member since: Feb 2007

Don't you pay the mortgage recording tax each time?

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Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008

Why did yu refi??? Rates are going down to 4.5%!!!!

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Response by hol4
over 17 years ago
Posts: 710
Member since: Nov 2008

alanhart, they have that option if you want a lower rate, but i didn't wanna pay. yeh the man upstairs must be having fun with me. 20 minutes i got off the phone, that wsj article came out.

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