[quote=flu]
who knows…If you do a no cost loan, no big deal if it does..[/quote]

Not everyone qualifies for a no cost loan.
If your balance is low, they will hardly talk to you.
Closing costs are what are keeping me in my 4.25 rate. It’s a 15 year loan that I refi’d into in 2009. We’re on track, with extra principal payments, to get it paid off in 2015.

No “no-cost” loans available to us and our timeline is so short the net few hundred (TOTAL) we’d save in interest based on our payoff schedule isn’t worth the hassle of applying.