Nnnnghhhhh

[leggomylegolas]

Ok, so, last night I checked my phone before going to bed (yeah, I'm not exactly one of those tied to the phone people, frankly I'd be thrilled if all phone communication were outlawed in favor of email or something) and the guy from the mortgage holding bank had called back. This time the actual words he used were "upcoming changes to your loan

Comments

[oddprofessor]

Make sure that he's not offering you a refinancing. Those aren't bad, but they cost some cash upfront. It sounds to me like he's telling you all the benefits, and conveniently forgetting the $4K in closing costs.

We just refinanced for a lower rate and a shorter term, but our monthly payment goes up (shorter term) and it cost us about $4K to place the new loan. You might as well hear him out, but ask pointed questions.

[leggomylegolas]

Yeah, I made sure to ask about closing costs - there are some of course! It's basically just like a refi except I don't have to have the house evaluated which is good in my situation I'm pretty sure...We'll see. I'm gonna run it past Dad too.

Apparently it's part of the "making home affordable plan".