SCQ86
Mouseketeer
- Joined
- Mar 6, 2007
I'm helping someone here at the office answer some mtg questions....so if you can help, I would greatly appreciate it.
Anyway, he is refinancing his home....bought it 5 months ago....it would be a huge 1.25% decrease.....anyway...my question...he paid like $2K in MIP at closing and they are adding $2K MIP at this closing...does that sound right?
And I see that some banks are refinancing without any fees, is that the norm with this whole bailout?
Anyway, he is refinancing his home....bought it 5 months ago....it would be a huge 1.25% decrease.....anyway...my question...he paid like $2K in MIP at closing and they are adding $2K MIP at this closing...does that sound right?
And I see that some banks are refinancing without any fees, is that the norm with this whole bailout?