I have my mortgage through Bank of America. Well, I just saw that they are going to offer bank accounts to individuals and they won't need a SS# to do it. Screw that! Another US based company that refuses to acknowledge the problem of illegal aliens.
Can anyone offer any good refinance co's Thanks

Read the fine print in your mortgage, just because it's a low interest rate doesn't mean it's right for #1... you.

Get a Primerica rep to read the fine print for you and explain how the low interest rate isn't right for you.

 Quit bashing Citigroup/Citi Mortgage/Citi Trust Bank.  All I do is collect documents and let the people who know their shit read them.  A$$hole.

No.

Sorry for hijacking your thread ursus, if you want a good refinance company, I will go ahead and say it.  Any of the "Citi" companies.   They can give you a free look.

No offense taken sir. I appreciate your input.

unless you get a no cost refinance, it'll cost you you a couple thousand minimum to refinance.   Not worth it, even more so not worth it if you have to acept a higher interest rate.  Even more not worth if it you set the pay off period back to 30 years again.

Quoted: unless you get a no cost refinance, it'll cost you you a couple thousand minimum to refinance.   Not worth it, even more so not worth it if you have to acept a higher interest rate.  Even more not worth if it you set the pay off period back to 30 years again.

Sorry but the only part I agree with you here is the part about extending it out to 30 yrs.  What if somebody has a ARM and their payments have increased 600 dollars a month?  Still not a good idea to refinance?

Quoted: Quoted: unless you get a no cost refinance, it'll cost you you a couple thousand minimum to refinance.   Not worth it, even more so not worth it if you have to acept a higher interest rate.  Even more not worth if it you set the pay off period back to 30 years again. Sorry but the only part I agree with you here is the part about extending it out to 30 yrs.  What if somebody has a ARM and their payments have increased 600 dollars a month?  Still not a good idea to refinance?

A lower fixed interest rate is the most important thing, the length of the loan is secondary.  Best option is to get a fixed rate 15 year loan if you can swing it, second is a fixed rate 30 year loan, but pay it off at a 10, 15 or whatever rate, e.g. plop extra principal at it each month.  Dont put down extra principal until you maxed out your 401K and Roth contributions each year.  I actually have a 30 year fixed but paying extra principal so it'll be paid off in 12 or so years total


What doesn;'t make sense is to get a 30 year fixed loan , pay the minimum each month for 10-12 years and refinance and get a new 30 year loan and pay the minimum each month on that, you've basically just gave yourself a 42 year mortgage!  That was the point I was trying to make