2. Hoping rates are lower (they probably aren’t because seems like the ticked up about .125-.25%)
3. Maybe paying for this appraisal…Maybe you’re lucky here, but my refi guy makes me pre-pay for the appraisal and then reimburses me when I’m done.
4. Wait another 30 days to close, meanwhile paying more interest for an additional month or so on your existing loan with a higher interest rate.
5. Spending time to gather all your financial data, all your income qualifications, and having the new lender pull your credit again….And for those in the service business (lawyers and doctors) where time is more so money…
Seems to me is that in the worst case scenario, bite the bullet get this loan done…And do another refinance if when rates drift lower again…Seems to me you can just imagine you locked with a rate, and it went slightly lower after you locked, which happens me all the time.
