Posted on May 4, 2020
SSG Combat Engineer
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I recently purchased a home 8-9 months ago and I’m already getting bombed with offers to refinance. It seems odd and I’m skeptical of the offer that’s to good to be true. Is there anything I should look for or is this a steer clear situation all the way?
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SSG Platoon Sergeant
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I'm doing one right now. My interest rate is decreasing 1.25%, and going to end up saving about 40k over the life of the loan along with a good decrease on my monthly payment.
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SSG Combat Engineer
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That’s pretty much what the offers say it can save me also. I guess my next step will be to research the companies and find someone with a good reputation. Thanks for the input.
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SSG Platoon Sergeant
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SSG (Join to see) it's been minimal paperwork for me. Should be closing mine this week or next. 0 cash to close. Skipping the next 2 mortgage payments. Sure, my loan is going up a bit due to the new funding fee and some closing costs but it'll be re couped in a couple years of savings.
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Bob Drake
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Edited 6 mo ago
Very interesting topic! I understood that before taking a loan you should learn more about the provider you are applying to, and it will be useful to read some reviews from real customers. You can use the site https://laina-finance.fi/ to read this information, they prepared good information about different companies, and it will be easy to find a reliable one.
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SSgt Holly Burwell
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I finished my IRRRL with Roundpoint mortgage and they were legitimate. They let me skip one month, and didn't charge me all of the fees the other places were trying to charge.
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SSgt Holly Burwell
SSgt Holly Burwell
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Also, I only had my current VA loan 8 months. I wouldnt have done it if I had paid for a couple years already.
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