Refinancing Master

I have a contract with the broker that I would take 4.75% if the discount is 0.50. It will cost about $ 290K to refi Northern California (Sacramento area), excellent credit. In GFE, I see a mortgage broker charges $ 395; processing fee: $ 400; insurance cost: $ 795. Nothing original or disk path. Does this seem high? I’ve read that the typical insurance costs $ 500. Since the agency receives 0.50% (or $ 1,450) for the loan, even I have to pay broker? It seems that I pay twice as broker says it only costs 0.50 if I loan him. I figure the cost of manufacturing processing documentation. The total cost of closing all costs GFE is $ 3,018.

I get the prep fees and lawyer costs, etc fees but to pay (of course amount of loan, etc vary) 10k or more at closing is just plain crazy. I’d love to take advantage of these low rates but 10 to 15k in closing just makes it impossible. Any suggestions. Is there any way to refinance and not pay closing costs?

Don’t like my current mortgagee, and the rate has bumped up to 8%. lots of equity & perfect repayment history with them.

They advertised on the radio a few months ago.

I currently am unhappy with my mortgage company and would like to refinance. I was wondering if there was a way for me to refinance and not have to pay closing costs or any extra fees? I want to keep a fixed rate, I currently have a rate of 6.5%. I do not want a higher rate or have to roll closing costs into my payment. I just want to be able to refinance somewhere different and not have to pay anything extra. I was wondering if this was at all possible

I already have a 30 year fixed (6.38%) but would like to take advantage of the lower rates now. My mortgage is through SunTrust and (unfortunately) I have never been late with payments and am not in any financial distress. The main problem is that because of the current market, I owe more than what it is worth.

Is this possible without bringing any money to the table for closing?

I have been exploring refinancing options for my mortgage in 2008. If I close on Dec 31st can I claim my closing costs and property taxes for the 2008 tax return? Also for this do I have to pay my property taxes by Dec 31st 2008 or can I pay it in January? thanks -

I am thinking about get my home refinance. I think I have enough money to cover the closing cost and fees, but instead of paying the closing costs, can I get those included with my new loan or do I have to pay that seperately?

My mortgage currently has my name, my wife’s name and my father-in-laws name on it. I would like to know how much should it cost to refinance in oder to get only my father-in-laws name on the mortgage and title. It is an FHA loan with about 6.3% and 167000 outstanding.
does it make a difference if this would not be his primary residence?

I have a $252k loan on my $290k house. I am in an interest only loan b/c at the time I purchased my house I owned an additional home in CA and it was the only way I could qualify. I am now trying to refi but the costs seems steep. My cost, including some PMI, Home owners and taxes is going to be $1975 and my new loan will be nearly $260k. Does that seem like a lot more just to refi? Closing costs are $5,500 andd the rest is pre-paids or something like that. I believe my interest rate on this 30 year fixed is 5.875.

Thanks,
Allison

My ex husband bought a house recently with the assistance of my son in law. He is now on the mortgage and wants off so he can get his own house. My ex has been told after he makes so many payments on time, he will be able to refinance. Someone mentioned a “quick claim deed” for my son in law and then my ex refinancing to take son in law off mortgage. Will this work? Is there additional cost to the ex for the closing?

If you have a 5.875% adjustable rate and know it will surely go up next year, should you refinance now at 5.75% fixed with 1 point + closing cost? 50,000 loan.
I plan to stay here at least 10 years.