Home › Forums › Closed Forums › Buying and Selling RE › 3.75 vs 4.00 › HLS wrote:Idiotic
[quote=HLS]Idiotic semantics..
When you are offered something FREE, at NO COST, zero, zilch, nada, rien, niente, gratis….
Keep telling yourself (and insisting) that it’s not free because if you paid something you could get even more.
You’re right. You win. Pass the word. Tell everybody that you know……[/quote]
Yep. I had 2 no cost refi’s In fact, I was given money to move to a lower rate.
The 1st was 4.625% to 4%. The appraisal came in too low to remove my PMI, but the new PMI payment was much reduced.
The 2nd refi was from 4% to 3.625%. PMI was completely removed and I got my supplemental property tax paid, and received a nice amount.
Both refis happened within 15 months of buying with 10% down.
In CA there is no disadvantage to this strategy as your property tax bill does not change with a refi.
