re: #155 marjoriemoon

I’ve been putting this off and I shouldn’t. I have a good rate, but I could go lower and I don’t think we’ll see those low rates for a long time, indeed.

What was your fee? and what bank if you don’t mind the question? The last time I considered refinancing, they wanted to charge $250, but someone told me that was too high. I thought it was reasonable.

I see if I can find the paperwork, but the fees were in the multiple thousands of dollars. My mortgage was with a company that Chase bought, so now it’s with them. I’m talking with them about the refi, and they are my bank, so you would think that a straight refi at a bank that already holds the paper and where I already bank ought to be cheap and easy, but you never know.

The really annoying thing was that the list of fees (which I will look for) included several items that just scream “pure profit”. It gave me the sense that they don’t give a shit about trying to make money on the mortgage itself, they’d rather just get it on the fees up front and call it a day.