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Personal Finances / Buying or Selling a Home


Subject:  Re: Refinancing without paying points? Date:  4/20/2001  9:31 AM
Author:  samyers Number:  19392 of 128887

hi Dave

Have you ever heard of the refinancing term extension modification. About 10 years ago I simply bought down the rate on my existing mortgage with a flat fee of around $500. The rate at the time went from 10.25% to around 8%, and nothing else about the note changed. Do you know of any lenders that are still doing that? I've heard from a family member that works at a lender as a loan processor that -
1) She sees these type of loan mods all the time and
2) It does not have to be with the original lender.


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