Comments on: Waiting For a No Cost Mortgage Refinance http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html like a friend telling you about money ... Wed, 23 May 2012 12:12:39 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Tim Tysyachuk http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-5103 Tim Tysyachuk Tue, 09 Nov 2010 22:05:27 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-5103 I know Wells Fargo offers a no closing cost refinance. They have a three-step-express program for existing customers. You can google my name and give me a call if you want, I can tell you a little about the program. Good luck! I know Wells Fargo offers a no closing cost refinance. They have a three-step-express program for existing customers. You can google my name and give me a call if you want, I can tell you a little about the program. Good luck!

]]> By: kerry http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-4729 kerry Fri, 17 Sep 2010 17:16:55 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-4729 so far all these lenders charge closing costs. Even Fremont Bank, although they disguise it as 'refundable fees'. I'd see that in writing before handing over my VISA number. so far all these lenders charge closing costs. Even Fremont Bank, although they disguise it as ‘refundable fees’. I’d see that in writing before handing over my VISA number.

]]> By: TFB http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-4168 TFB Sun, 04 Jul 2010 17:35:30 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-4168 K3 - If I were in your situation I would take a chance on AmeriSave or another up-front mortgage lender or broker. These mortgage banks and brokers all work from the same offers put out by the wholesale lenders. NMA is hardly the only game in town. K3 – If I were in your situation I would take a chance on AmeriSave or another up-front mortgage lender or broker. These mortgage banks and brokers all work from the same offers put out by the wholesale lenders. NMA is hardly the only game in town.

]]> By: K3 http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-4164 K3 Sun, 04 Jul 2010 15:24:06 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-4164 I obtained a no-cost refi @ 5.125% through National Mortgage Alliance recently. The deal did get done in the end but the experience wasn't the smoothest. The loan was immediately sold to Bank of America, to whom I am now making payments. Given the recent continued drops in rates, I could obtain a 4.75% rate through NMA if it weren't for a BoA imposed rule that NMA can't refi a client again within 120 days of closing, at least not without paying back the commission BoA paid NMA, which of course spoils the deal. I am hoping that either the rates keep dropping or hold out until I'm eligible for another reapplication to refi or else I can locate another lender through whom I can obtain the same kind of deal. Unfortunately, I haven't found anyone else who will openly and immediately quote no-cost refis the way NMA will on its website without submitting any personal info. In fact, I cannot find anyone who really even clearly advertises no-cost refis. I obtained a no-cost refi @ 5.125% through National Mortgage Alliance recently. The deal did get done in the end but the experience wasn’t the smoothest. The loan was immediately sold to Bank of America, to whom I am now making payments.

Given the recent continued drops in rates, I could obtain a 4.75% rate through NMA if it weren’t for a BoA imposed rule that NMA can’t refi a client again within 120 days of closing, at least not without paying back the commission BoA paid NMA, which of course spoils the deal. I am hoping that either the rates keep dropping or hold out until I’m eligible for another reapplication to refi or else I can locate another lender through whom I can obtain the same kind of deal. Unfortunately, I haven’t found anyone else who will openly and immediately quote no-cost refis the way NMA will on its website without submitting any personal info. In fact, I cannot find anyone who really even clearly advertises no-cost refis.

]]> By: Cynthia http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-3075 Cynthia Wed, 23 Dec 2009 20:21:39 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-3075 I want to refinance to get a lower rate, pay no fees, pay off my van payment, and take a trip to Denmark. The problem is, we only own $13,200 on our current mortgage, so paying any fees at all is not really worth it. I found this post through a google search... I'll look through your blog some more. :) I want to refinance to get a lower rate, pay no fees, pay off my van payment, and take a trip to Denmark.

The problem is, we only own $13,200 on our current mortgage, so paying any fees at all is not really worth it.

I found this post through a google search… I’ll look through your blog some more. :)

]]> By: Jamie http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-1942 Jamie Thu, 23 Apr 2009 04:43:34 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-1942 Thanks for writing this post up. I also have a very low cost mtg 4.75% (15 yr) for many years and have been waiting for a no cost refi. Although, from your post, it sounds like I may have to wait some more. Please write update if you find other low cost refi. As always, you keep on bringing up topics that are on my mind :) Thanks Thanks for writing this post up. I also have a very low cost mtg 4.75% (15 yr) for many years and have been waiting for a no cost refi. Although, from your post, it sounds like I may have to wait some more. Please write update if you find other low cost refi.

As always, you keep on bringing up topics that are on my mind :)

Thanks

]]> By: TFB http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-1941 TFB Wed, 22 Apr 2009 16:41:47 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-1941 Raghu - Thank you so much for sharing. Too bad I don't live in the states CIMG is licensed in. You mentioned <a href="http://www.nationalmortgagealliance.com/" rel="nofollow">National Mortgage Alliance</a> on your blog. Their rates are the lowest I see so far. Not quite no cost for 15-year at 4.5% yet, but close. Raghu – Thank you so much for sharing. Too bad I don’t live in the states CIMG is licensed in. You mentioned National Mortgage Alliance on your blog. Their rates are the lowest I see so far. Not quite no cost for 15-year at 4.5% yet, but close.

]]> By: Raghu http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-1938 Raghu Wed, 22 Apr 2009 14:26:00 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-1938 Chris Murray - cmurray at cimginc dot com Office: (919) 676-1111 Let him know I referred you guys. 4.875%; .125% Escrow Waiver Fee. I'm still trying ti get the escrow fee waived. If you happen to be successful, let me know. Chris Murray – cmurray at cimginc dot com
Office: (919) 676-1111

Let him know I referred you guys.

4.875%; .125% Escrow Waiver Fee. I’m still trying ti get the escrow fee waived. If you happen to be successful, let me know.

]]> By: TReido http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-1937 TReido Mon, 20 Apr 2009 23:19:03 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-1937 Raghu - If that no-cost refi is for a 30yr please do share. I'm in Texas and am in the same boat as TFB on crunching the numbers to make a no-cost refi work for me. Thanking you in advance for sharing! Raghu – If that no-cost refi is for a 30yr please do share. I’m in Texas and am in the same boat as TFB on crunching the numbers to make a no-cost refi work for me. Thanking you in advance for sharing!

]]> By: TFB http://thefinancebuff.com/waiting-for-a-no-cost-mortgage-refinance.html#comment-1936 TFB Mon, 20 Apr 2009 22:29:37 +0000 http://thefinancebuff.com/2009/04/waiting-for-a-no-cost-mortgage-refinance.html#comment-1936 Raghu - Is that for a 30-year fixed? I can't predict where the rates will go. In the past I followed the "stepping down the ladder" method. Whenever the rate dropped by 0.25%, I refi'd with a no cost loan. My only cost was the time spent on filling out some forms and signing some documents. If there's really no cost, I don't see any reason why you shouldn't do it. I would try to negotiate away that escrow waiver fee. If the broker is making money from the refi, he/she can certainly cover it. Can you e-mail me your broker's contact info? If they can do 30-year at 4.875% for you, they should be able to do 15-year at 4.5% for me. Raghu – Is that for a 30-year fixed? I can’t predict where the rates will go. In the past I followed the “stepping down the ladder” method. Whenever the rate dropped by 0.25%, I refi’d with a no cost loan. My only cost was the time spent on filling out some forms and signing some documents. If there’s really no cost, I don’t see any reason why you shouldn’t do it. I would try to negotiate away that escrow waiver fee. If the broker is making money from the refi, he/she can certainly cover it. Can you e-mail me your broker’s contact info? If they can do 30-year at 4.875% for you, they should be able to do 15-year at 4.5% for me.

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