Posted By Colgate on 02/11/2008 9:47 PM
Are there any lenders offering great deals such as very little down to refi??
Desertsschools has a refi program(20 Master mortgage) It's Total closing cost was under $200. That is even waived if you hold the loan for atleast 2 years. It will be two years July 08 when we did it. There are two options, variable and fixed. We did the variable(ARM) because the fixed did have a 1% origination fee and the rate was 1% higher that the ARM.
One must go through the usual underwriting process. One additional caveat the loan must bee 80% loan to value or less(more equity). |