Quote:
Originally Posted by 58-4ever
So, I need some advice. I'm trying to refinance my house, but I'm unsure about which company to go through. The reason for this is strictly to get my ex's name off the note and get my wife's name on the note. I don't need any extra cash, and I realize I'll have to eat a bunch of closing costs.
Hopefully there is an expert or two out there that can help!
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I am a mortgage consultant. When you call around, act like you are going to lock that day. If you say you are shopping to lock in a week or so, many will quote a lower rate than they are actually willing to do. Then, they go with a higher rate when you call back saying the rates went up. They may have actually gone up, but they may not have... and they may not have gone up as much.
You should be able to get a lower rate. You may even be able to get some closing costs paid, or roll them into the loan.
There are a lot of games that mortgage brokers play.
Just shop around, and make sure to compare good faith estimates.