[quote=lpjohnso]
We owe $319,000 right now and after they roll the cost of the refi into our mortgage our new balance will be $323,000.
We will need to bring $1,600 to closing, and they will time our closing right before our existing mortgage payment is due so we do not have to pay it. Then, we will receive $2000 back after escrow closes. [/quote]
You are not getting a no cost loan, you are adding
$4000+ to your balance.
Did they explain where the $2000 is coming from ?
Why do you need to bring in $1600 if you are going to get $2000 back?
