ST Alpha - "*this* This is where they make their money. -- nm" (Reading a Post)

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In response to ""no cost to you" can mean many different things. make sure they're not just rolling the closing fees into the principal of the new loan." by znufrii

this This is where they make their money. -- nm

Posted by spamlet Sep 23 '14, 08:19

(No message)

Responses:

yeah, there is no doubt fees involved, which will be included in the borrowed amount. - groiny Sep 23, 08:20 7
- Yeah, the girl may just need to land a certain number of re-fis this month to get her bonus or quota. -- nm - Spawn Sep 23, 08:22
- right. - znufrii Sep 23, 08:21 5
  - yes and no. - groiny Sep 23, 08:22 4
    - if you expect to stay in the home that long, sure. -- nm - znufrii Sep 23, 08:28 1
      - no one expects to stay in a home that long. nm -- nm - groiny Sep 23, 08:28
    - but you should always *know*. -- nm - Andie Sep 23, 08:25 1
      - of course, but even if fees are involved, it is probably a good deal. - groiny Sep 23, 08:26
That does not mean it can not be a win/win, though. -- nm - Spawn Sep 23, 08:20 2
- oh, sure, if he can keep the same payment and lower his term (i feel like it should be more than a year reduced though), then go for it. -- nm - Andie Sep 23, 08:26
- Right, but they're not just getting customer goodwill. -- nm - spamlet Sep 23, 08:21

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