hillm1234's Advice

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hillm1234 wrote:

Wells Fargo Three Step "no-cost" Refinance Program

This program is working great for me.  Going from 6% to 5.375% with absolutely no costs on a 30 year. I worked with an Upfront Mortgage Lender in May when wholesale rates were low to try to get a completely no cost mortgage.  Couldn't make it happen.  Even with access to free title insurance the appraisal plus the local filing fees and taxes crushed the deal.I think Wells Fargo only offers this to their own loans that they are still servicing.  It appears to be a customer retention thing. They don't really seem to advertise it much.  Also, they seem to have about a 0.25% wiggle room to improve the rate if you push them.  Maybe depends on your loan size, FICO and LTV.
July 30 2009