John A. Weeks III wrote:
> A current lender seldom will give you a good refi deal. You
> nearly always have to find someone else. A good place to start
> looking is the Bankrate web site.
I was about to suggest calling the current lender. John, you are right
because most mortgages are sold, and that first guy has no interest in
the note. I happened to have a mortgage (on a rental) that was still
held by the bank. There were 25 years left on a 30 yr mortgage. One
call, and a $595 appraisal, and processing fee, and for just about the
same payment, it dropped to 15 years remaining.
Lucky? Yup. But it was worth the phone call, even against the slim odds.
Joe
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