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Channel: Comments on: Get a Better Mortgage Rate Without Refinancing
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By: Paul

That processing fee sounds hefty if it takes 7 months to recover it.

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By: Nickel

Paul: I don’t know anything abou the size of his mortgage or the dollar savings so I can’t comment on the amount of the fee. That said, refinancing isn’t exactly cheap unless you roll the costs into...

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By: Lance @ Money Life and More

Unfortunately my mortgage got sold and on top of that my balance is so low that the fees would likely eat me alive… oh well 4.625% isn’t a horrible rate if you look back over the last couple decades

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By: DebtKiller

It’s hard to imagine how some people don’t seem to think a few hours of paperwork and phones calls isn’t worth saving a few hunderd dollars per month. To me, it’s a no-brainer.

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By: savvy

For Lance, if your balance is low, you might want to consider a HEL. You can get them now for 1.99% with no origination fees or closing costs. While 4.625% isn’t horrible, it’s twice the rate you could...

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By: Matt

I just called my mortgage company (Everbank) and asked if this was available for my loan and they said it was not because it is a Fannie Mae loan. Just another data point. I plan on moving in the next...

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