Refinance?
The holder of my mortgage offered to refinance my 6.625% 30yr fixed
loan with a 6% 30yr fixed loan, reducing my monthly payment by $96.
The offer states:
No application fees
No appraisal required
No income verification needed
No out-of-pocket fees
No waiting
Why would the bank want to do this?
-Perhaps to avoid losing your business to someone else? That was the
only reason I could figure my bank offered me basically the same type of
deal last year. I was at 4 1/2 years on a 5/1 arm and I was thinking of
refinancing anyway. My original