Quote:
Originally Posted by swrinfla
Not answering your question, exactly, but . . .
I closed this morning on a refi with Citizens at 3.75%. That'll result in an almost $300 less monthly payment from my original (dating from Jan '05).
Everything went as smoothly as it did almost eight years at my original closing. I just had to sign a "gazillion" papers (sure hope that the progressively deteriorating signature doesn't cause any problems  ).
That $300 savings will contribute nicely to my on-board cruise bar bills!
SWR
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How much were your closing costs? We have a 3/1 ARM, and Citizens won't do a refi until after the first adjustment. My company credit union has a better rate than Citizens, but the closing costs are $4000, so it's not worth it to refi just to get the monthly payment down a little.