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Answers (4)
- shapiroamg
- Contributions:3058
For cripes sake, call Chris. He is top dog, king dude of mortgages in NY state.
- Clay Branch, "Georgia Loans"
- Contributions:7856
There you go, faster, cheaper, and loan handled by a Pro!! Contact him.
- Chris Corica, "Chris Corica"
- Contributions:1075
Hi Spanky. Clay is correct. The length of time you plan on staying in this home will be a key factor in determining if a refinance is right for you. Also, you do NOT have to stay with BOA. You can still have a CEMA done to avoid the NYS mortgage tax even if you go with a new lender. They are not the fastest or easiest to work with BUT, you do have options. Feel free to contact me through my profile for a no cost, no obligation mortgage consultation.
- Clay Branch, "Georgia Loans"
- Contributions:7856
It will depend on several things, especially how long you plan to own the home. Assuming long term, are they offering you 3.875% and if so, how much are the closing costs excluding the mtg tax? Is this a conforming loan or FHA? If you have an offer from them I suggest getting a 2nd opinion from Chris Corica in NY.
Do I re-fi again? Presently 4.875
Is it worth refi AGAIN at 3.875? 330K left on 30 yr mtg.
NY here, so they RAPE you will all sorts of fees. I have to stay w/BOA so I dont pay mtg tax! Joke.
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