refinance

[njcarita]

I just got off the phone with Wells Fargo (called my local branch and the banker I have used for a previous refi), and was told that I do qualify for the streamlined refi and it does not cost a penny (no fees whatsoever)...just 5 minutes on the phone and they would reset the rate from 4.75 to 4.375%, which would save me $138.10/mo. To qualify for the 3.75% rate I would need to do a regular refinance, paying closing costs, etc.

i just refinanced with wells fargo too.... dropped 3/4 of a percent.... knocked 10 years off and it didn't cost a cent...

 

[Steve BWV'99]

Yep Im noticing from the previous posts that the 'no cost' refinancing from Wells Fargo adds .5 percent or so to the interest rate. I called earlier and can get a 20 year at 4.75 with no closing costs when the standard 20 year is at 4.25 with closing costs. They also told me there would be no appriasal for the streamlined refi, so i guess its a FHA loan.