[quote=UCGal][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.[/quote]

if you’re loan balance is low or if you’re close to payoff, then refinancing probably isn’t going to make sense…. unless you plan on doing something with the money…

That said, “loan balance low” in my encounters means < $100k-$150k...You can still find lenders who will lend. But I think some of them will tack on a surcharge, .25%.