Refinance

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Snydes

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May 16, 2006
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I'm not sure if this is frowned upon so please don't respond if it is, but people who have refinanced, can you name who you went through. I'm looking at refinancing, but honestly I'm not sure of what lenders are accepting a refinance. Currently my mortgage is through Wells Fargo.
Vision Bank, 30 yr @ 2.62%, 0 pts/0 orig just under $1400 closing costs.
 
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CloneGuy8

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What I've noticed with a couple of credit unions is that refinance rates are higher than purchase rates, assuming to keep the refi volume down.
 

CSnyder

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Aug 23, 2015
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I am a Mortgage Loan Originator at Northwest Bank, in West Des Moines. 2019 Iowa State grad.

Would be happy to answer some questions through PM!
 
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mtowncyclone13

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Oct 10, 2012
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Really? What do you think are normal closing costs? We did our refi with $700 in closing costs
Idk, but do these numbers include the escrow amount?

My closing costs were 2,800 but included 1,000 in escrow, plus an unexpected $250 assessment after the derecho. Dumb
 

CycloneDaddy

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Sep 24, 2006
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Idk, but do these numbers include the escrow amount?

My closing costs were 2,800 but included 1,000 in escrow, plus an unexpected $250 assessment after the derecho. Dumb
Escrow I would consider a pre pay and not a closing cost.

Also, if you have no closing cost or really low closing cost the lender probably paid those for you and bumped up the interest rate by .125 or .250 to cover it.
 

Pope

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Feb 7, 2015
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Veridian Credit Union has started doing refinancing again. I highly recommend them.
 

Cyclonefan710

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Oct 19, 2012
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Idk, but do these numbers include the escrow amount?

My closing costs were 2,800 but included 1,000 in escrow, plus an unexpected $250 assessment after the derecho. Dumb
Yeah I don’t include escrow for closing costs because it’s not really an expense. We avoided having to do an appraisal which did help lower our cost.