any time you refinance there are going to be fees associated with it. There will need to be a new appraisal done, most lenders charge some sort of fees, and don't forget about the title company.
An option to avoid most fees is to do a "no cost" refinance. The way this works is that in exchange for a higher interest rate (usually .25%-.50%) the lender covers the costs for you.
But you may not even need to refinance Lee. If you buy the home and later decide to put more down, most servicing lenders will allow you to re-cast the loan - factoring in the extra down payment and re-calculating your monthly payment based off the new balance.... more
My best experience was with Action Mortgage. I sent my real estate clients and worked for them and saw how competitive they were on their rates. In addition, their fees were much lower than most other lenders. They are an honest and very competant company. You can reach them at (713) 723-7800 or www.amtexas.com . I think when you are comparing lenders (which you should always do) you will pleased to see what they have to offer... more
I would suggest talking to a Mortgage Banker/Mortgage Broker and/or a traditional bank and let compare their rates/fees. I would argue that you will typically get better service from a mortgage banker/broker because they are generally compensated solely from originating new loans versus a loan officer at a bank which are salaried employees ~ translation, mortgage banker's have to differentiate themselves from a standard loan officer at a bank. Otherwise, you would just work with a bank.
Also, a mortgage banker is a loan officer that is affiliated with mortgage bank that lends its own funds AND can also broker loans through other lenders as well. Talking to a banker is like talking to 10-15 different lenders at once. That is the value we bring to the table.