Really Good Mortgage News - REALLY!!

When you read this you’re going to think it sounds too good to be true.

We all hear about mortgage interest rates going up and down. In recent weeks there has been a rather significant dip. I began to wonder if there was an easy way to refinance from 6.75% to the current much lower rates. I called my lender (Wells Fargo) and asked a flurry of questions, to which all the answers were “yes.”

I was told I could refinance whenever I liked with no fees, no closing costs, no cost at all. I could refinance now, and again next month, or next year, or next week if rates changed again – as many times as I wanted. He asked me all the relevant questions about employment, income, etc. and processed the application in just a few minutes. The approval was given instantly and they’ll send me the paperwork to sign and have notarized.

The bottom line? I’m saving $195 per month in interest just because I asked. In my book – that’s big!!! I feel like I just found $195 in last winter’s coat pocket. So many things I’d rather do with $195!!

Call your lender now, so you don’t spend a penny on interest that you don’t have to. I hope your lender is as friendly as mine.