I am refinancing, going from a 4.850% to a 4.125%. Is this a good deal?
Answers | 8
Rule number one. Do not pay any closing cost unless your loan amount is less than 150k.
Rule number two. Do not lock until you shop at least three lenders on the same day.
Rule number three. Check to make sure the lender does not have unresolved complaints about them. If they do not care about complaints from existing clients, the chance they will care about yours is slim.
If you save at least 0.25% for 0 cost with a loan balance over 150k, its worth it.
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