---

Refinance w/ cash out Texas A6

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
dpacktx Joined: 10 Oct 2008 Posts: 1 1.35 Dollars($)	Posted: Fri Oct 10, 2008 6:07 am    Post subject: Refinance w/ cash out Texas A6 Like 0 Dislike 0 LOVE this site! Wish I would have found it sooner! My closing costs exceed the 3% maximum on an A6 refinance. My lender told me I could buy a point. He raised my interest rate by 1% and said I could pay $1,800.00 to reduce it back down the 1% he just raised it to. It seems like I'm being penalized. What are other options I can ask my lender to consider for me instead of increasing my interest rate and having to pay for it? What do other lenders offer their customers with good credit to get around the 3% closing cost cap? Advice, opinions welcomed as soon as possible. I've got to call the lender back this afternoon!
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Fri Oct 10, 2008 9:07 pm    Post subject: Like 0 Dislike 0 Hi dpacktx! Welcome to forums! I can understand that you are paying 1 point to the lender. If you could pay a few points more to the lender he may reduce the interest rate. Moreover if you are paying a low closing cost, you will have to pay a high interest rate. I would suggest you to pay a higher closing cost and get a lower interest rate. If you could tell me how much the closing costs have exceeded than may be I can help you in a better way. Feel free to ask if you have further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0