[quote=FlyerInHi]Flu, I think you’re saying that “no cost” loans are better because they allow you to refinance again and again, guilt free (loss avoidance. You’re not “throwing away” out of pocket fees. That’s the marketing angle.
But past is past. Make decisions based on what you know today.[/quote]
In response to the italicized portion, maybe so. But a person who is a “serial refinancer” is still starting over again at 30 years every single time they refinance … that is, unless they choose a 15-year loan (with much higher payments). However, the vast majority of refinancers do so for the express purpose of lowering their monthly payments (thereby increasing monthly cash flow).
