Home Buying in Newhall>Question Details

Supergirl, Other/Just Looking in Newhall, CA

will I get a smaller closing cost if I will refinance for a lower rate with the same bank? have a good credit score 700-750. this bank has my

Asked by Supergirl, Newhall, CA Wed May 26, 2010

mortgage loan. what will be charged? they have my title already?

Help the community by answering this question:


Speak with you bank. Ask about their current refinance programs/fees. Then call an independent loan officer (like myself) and ask about rates/fees. Your bank may offer lower fees but have a higher interest rate to cover those fees. Best thing to do is compare. A new title will be required because from the time you bought to the time you refinance, something could have popped up against your property without your knowledge.

Call me should have questions or concerns. I can be reached at (661) 255-3335. 12 Years experience. Certifed as a mortgage coach (CMC).

Cheryl Garner, Mortgage Expert
Fairview Mortgage Capital, Inc.
Email: cheryl@cherylgarner.com
Web Reference: http://www.cherylgarner.com
0 votes Thank Flag Link Fri Nov 19, 2010
Not necessarily true best compare rates. GREAT QUESTION

No one can render an opinion for cost of refi only the mortgage broker who is handling your file can determine those costs.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Wed May 26, 2010
The best thing to do would be to ask your bank for information on their loan programs and request an estimate for their closing costs. Just because they hold your current mortgage, doesn't mean they will have the best refinance deal now. You might want to talk with some mortgage brokers and shop around if your banks rates and closing costs end up being high.
0 votes Thank Flag Link Wed May 26, 2010
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