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12-26-2020, 12:10 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,892
Thanks: 14,363
Thanked 5,116 Times in 1,960 Posts
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Quote:
Originally Posted by b0bd0herty
I started to refi with Citizens First last year to take advantage of the lower rates. they wanted closing costs of $17,000 to refi $300,000. To me, it was just legalized usury and we canceled the loan. Then they said they would lower the closing costs by $7,000 which kind of supported my opinion.
Plan to stay here another (fingers crossed) 25 years and with no one to leave my estate to, will just go with a Reverse Mortgage.
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Whoa! The fees on a reverse mortgage would be even higher than $17K!
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"No one is more hated than he who speaks the truth." Plato
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