Best Residential Loan Provider for Refi

2 Replies

I got a quote for a 3.75% 30 yr fixed with $5200 in closing costs for a refi of my primary residence (doing this mostly to eliminate PMI). Current rate is 4.125% on a 30 year fixed, and I'm 2.5 years into it.

Originally posted by @Jaysen Medhurst :

@Eric Swenson, have you spoken to local banks or credit unions? They may have better rates. $5200 sounds a little high for closing costs. It's worth running the numbers to find your break even point.

Great point Jaysen - I checked one out online but will call them to see if they want to beat what I got.  Appreciate your perspective on the closing costs being a little high.  I'm going to try to negotiate those down as well.