No Cost Refi?

[HB2Havasu]

Looking to shave off some years & interest off our mortgage. Who's the Go-To for No Cost Refi's these days? TIA

 

[Bear Down]

Is there really such a thing? I hear it, but ive done it recently and there seems to be fees you just cant avoid (notary, escrow, etc)..

I would love to know if there is such a thing..

For example
$350,000 loand balance at 3.75%

Refi to 2.87 %

New loan balance is $350,000.

From my experience there is always an increase and i just did my refi a year ago with a legit person... someones lying..

Sorry for the Hi Jack

Sent from my SM-G960U using Tapatalk

 

[HitIt]

There is always a cost. How it gets paid is the question. Maybe you mean no out-of-pocket? Try @Tamalewagon Great transaction at a great rate.

 

[Boat 405]

No free lunch

 

[HitIt]

No free lunch

A lot of kids at my kids' school get free lunches

 

[Springfield]

@Wendi

 

[Wendi]

Looking to shave off some years & interest off our mortgage. Who's the Go-To for No Cost Refi's these days? TIA

I would love to help you. Please call me at 909-455-6271

 

[FishSniper]

I know a couple people who have recently refi’d through owning.com and the only added fee was the prepaid interest and a 150 fee. I was skeptical when they started the process figuring the fees would magically appear later but both closed without any issues. They give a credit covering the usual title notary etc. They do have some stricter qualifications it sounds like with regard to LTV and credit score. I used Tamalewagon for my refi in March and it was a very easy process.

 

[YeahYeah01]

I know a couple people who have recently refi’d through owning.com and the only added fee was the prepaid interest and a 150 fee. I was skeptical when they started the process figuring the fees would magically appear later but both closed without any issues. They give a credit covering the usual title notary etc. They do have some stricter qualifications it sounds like with regard to LTV and credit score. I used Tamalewagon for my refi in March and it was a very easy process.

I looked into owning as well when I did my refi a few months back. At the time they wouldn't touch mine, they said I didn't owe enough for my area so I didn't qualify.

I know my cousin used them last year and he said it was easy.

I used oldscoolboats for mine and it was an easy process with a good rate.

 

[lbhsbz]

Is there really such a thing? I hear it, but ive done it recently and there seems to be fees you just cant avoid (notary, escrow, etc)..

I would love to know if there is such a thing..

For example
$350,000 loand balance at 3.75%

Refi to 2.87 %

New loan balance is $350,000.

From my experience there is always an increase and i just did my refi a year ago with a legit person... someones lying..

Sorry for the Hi Jack

Sent from my SM-G960U using Tapatalk

I'm in process right now...we should close today or tomorrow, on a no-cost refi. Going from 3.25 to 2.69%. Total loan cost was something around $2700 and I'm getting a $3500 vendor credit...so they're actually writing me a check at the end of the day. Principle stays the same, no points, waived appraisal. This is the second one I've done so far.

 

[grumpy88]

I'm in process right now...we should close today or tomorrow, on a no-cost refi. Going from 3.25 to 2.69%. Total loan cost was something around $2700 and I'm getting a $3500 vendor credit...so they're actually writing me a check at the end of the day. Principle stays the same, no points, waived appraisal. This is the second one I've done so far.

With who ?

 

[lbhsbz]

With who ?

sent you a PM

 

[grumpy88]

sent you a PM

Thanks

 

[ChumpChange]

And just in case you think there's no money in Mortgages.....look who bought that OC Mansion:

LoanDepot’s Anthony Hsieh Pays Record $61 Million for Orange County Mansion

Just four months after it was first listed with a $68 million pricetag, a mansion in Orange County's Newport Coast neighborhood has sold for a still-incredible $61 million, the L.A. Times first reported. Records reveal the billionaire buyer is Anthony Hsieh, the high-profile Taiwanese-American...

www.yahoo.com

 

[Englewood]

If you are proud of getting a "No-Cost" refi, you are basically telling everyone you have a higher rate. You either pay upfront or in the rate. It makes a difference in how long you plan to keep the loan.

 

[Kachina26]

@Tamalewagon will give you the real deal. Whatever it may be.

 

[Groper]

A lot of kids at my kids' school get free lunches as well as their family members

Edited

 

[Groper]

Looking to shave off some years & interest off our mortgage. Who's the Go-To for No Cost Refi's these days? TIA

I gotta friend in N. OC if you need someone. Pm your # and I'll forward it to him.

 

[lbhsbz]

If you are proud of getting a "No-Cost" refi, you are basically telling everyone you have a higher rate. You either pay upfront or in the rate. It makes a difference in how long you plan to keep the loan.

Agreed. I might not be here long, so I didn't want to pay up front

 

[Groper]

Agreed. I might not be here long, so I didn't want to pay up front

It depends on how along your into your current mortgage, it might not make $ence to refi.

 

[lbhsbz]

It depends on how along your into your current mortgage, it might not make $ence to refi.

I'm saving $200/month and adding 6 months to the loan...the flexibility is nice to have.

 

[Wheeler]

@Tamalewagon will give you the real deal. Whatever it may be.

Wendi is easier on the eyes.

 

[Lavey5150]

There are no "FREE" loans. Period. At the end of the day you will pay Title-depending on L/A and state, your escrows will be @ 6 months if not waived. Taxes are due right now in 90% of all scenarios, in most cases, if not paid by funding, they will be paid. And you get a fat refund$$$.Points are pre-paid interest, take the lower rate, get the savings on your payment, get the write off,(again pre-paid interest). Rates are ridiculous right now, if you are @ 3.75% or higher on a Conventional, refi now.Take cash out, buy a boat, sand car, have some fun Now. VA loans are @ 2.25% 30 Year fix very little cost right now.No Appraisal, no income docs if rate/term.

 

[Kachina26]

Wendi is easier on the eyes.

View attachment 937137

Scott's got those bedroom eyes...

 

[Wheeler]

Scott's got those bedroom eyes...
View attachment 937152

I've heard he does his best work in the kitchen.

 

[cofooter]

sent you a PM

Can you PM me also?

 

[DLC]

3 MINUTES.........

 

[Joeman]

Hello LBHSZ
Can you please pm me with who did your refi.
thx
aqua man

 

[LakeBeard]

sent you a PM

Pm me as well please.

 

[GET SOME]

No cost 2.5% on a 20 years.. two weeks ago from owning.com. Rates are lower now


Sent from my iPhone using Tapatalk

 

[NeedlesRat]

sent you a PM

Can you send me the company also?

 

[Xtrmwakeboarder]

Buddy just did 1.75% for 15 years with 1 point last week. Crazy low. The other option was 2.25 with $500 in closing costs. Let me know if you want me to get the lender's info.

 

[DarkHorseRacing]

I'm saving $200/month and adding 6 months to the loan...the flexibility is nice to have.

Can you PM me the company/person as well? Thx!

 

[Tamalewagon]

I've heard he does his best work in the kitchen.

You missed dinner at Joe's. Not as if we didn't ask you to put down the camera for a few minutes...

 

[Wheeler]

You missed dinner at Joe's. Not as if we didn't ask you to put down the camera for a few minutes...

I'll be sure to make it next time.

 

[Tamalewagon]

I'll be sure to make it next time.

View attachment 937342