Refinance a refinance

Posted: Fri Oct 23, 2009 7:46 am Post subject: Refinance a refinance

We refinanced our VA loan about 3 months ago at a 4.25% interest rate. The mortgage broker is unable to sell our loan, so they want us to refinance again and they say that they offer us 4%, no appraisal and that they pay all the refi costs.
It seems suspicious to me. The can't sell a 4.25% loan, but somehow they will sell a 4% one?
What's your opinion?

sonjakracine · Joined: 24 Oct 2007 Posts: 77 15.05 Dollars($)

I guess as I see it this is NOT your problem, but theirs. Your conclusion that it sounds suspicious is correct. Make sure your mortgage has been recorded and move on.

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