Reply to Know of any lenders offering a no cost refi?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you're paying a slightly a higher rate, but is lower than your original rate and you don't have to dish out additional money, then how do you always pay for them no matter what?  I'd really like to know what the fine prints are as we're about to refi on our house and it's a no closing cost...
Your comment 15:35 makes me paranoid that I'm really am not getting a good deal.  TIA[/quote]

15:35 here, if you are saving money and you have had your financial planner review your loan and figure out where yoru beakeven point is based on how long you are going to be there etc.

bottom line is if you are saving money in the short term you are going to pay it in the long term.  You might move or refi by the time it reaches that breakeven point so you will be paying less but it only really matters if you save the money and not spend it.  Most people don't save that extra $$ each month.  [/quote]

Yeah but if his no cost refi has a lower rate that what he has now, is it not a win win situation?[/quote]

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