Quote:
Originally Posted by rsmartin
Are they still offering a fixed rate? Interest rates will go up once the Fed can no longer continue their profligate money printing disaster.
Are their really no costs? So their will be no change in your outstanding mortgage balance on the day of the rate change.
Sometimes banks load fees on the balance so you end up paying the fees off over time with interest.
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It's a fixed rate. According to what I read and asked my balance will not change. I'm going to look at the good faith estimate of closing costs next week. I'm a skeptic by nature, so I will go over everything with a fine tooth comb. I'm quite familiar with the whole refinance/ mortgage process and from what I can tell this looks legit, yet I would appreciate any input from those in the know.