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coobs7 · Joined: 12 Oct 2009 Posts: 1 1.39 Dollars($)

I refinanced my home through a local bank with a VA 100% equity refi at 5.5% in March 09. I waited and waited for a mortgage company to pick it up and was told by the bank to just keep making payments to the bank. I just got a call from my loan officer 2 weeks ago saying they would like to refi it again at 5% and they would pay all costs because someone in their corporate office had put it under the wrong securer and they are paying 6.5%. When I received my good faith estimate it stated cash required would be $1,133.00 at closing. Can someone please help me figure out what is going on? I like the idea of 5% rather than 5.5% but I'm not sure what is happening.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

What ever the commitment they made you need to get that in writign first.

Call the customer service number and get more details about this change

Make sure to have all the communication and terms documented

chrisburns · Posted: Wed Oct 14, 2009 6:31 am Post subject:

Did you receive a good faith estimate when they said you had no closings costs?

Ask for a new one an compare to see where the differences are now from them.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Good poitn Chris

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Bank wants to refinance my loan