Is anyone familiar with mortgage refinancing laws? We re-financed our mortage back in December and also had some of our debt rolled into it. When we signed the papers, we were NOT told about any penalties involved, except there may be a pre-payment penalty if we were to pay off the house in full within so many years.
Anyways, in February, I called our mortgage company to inquire about streamlinging and the CSR told me that our we;d have to pay $6000 if we wanted to re-finance
He told us the lender tacked that on. When I emailed the girl at the lender company, she said that she did tell us that -- well, I know she did not or I would have remembered something that important. So now we are basically screwed. How do you find out if what they did is legit? We have a rate of 8.65% and as you know, interest rates are WAY lower than that.
Anyways, in February, I called our mortgage company to inquire about streamlinging and the CSR told me that our we;d have to pay $6000 if we wanted to re-finance