Gotta love those lower mortgage rates, though I see they’re on the way back up since I locked in last month. Anywho, today was paper signing day; for those of you not here in Cali, let’s just say for all that this state is known for being eco-friendly, we kill trees by the truckload and the stack of papers just to refinance a mortgage is a stack inches thick of mostly 11″x14″ sheet, single-sided of course. You can imagine how much thicker the stack is when purchase of the property is added in!
Wells Fargo keeps offering me zero cost deals, the only thing I see is lower monthly payments (and a reset of the clock back to 30 years) and the possibility of a higher rate (I use a five year ARM). Hell, this time the mortgage broker called me to see if I was interested, didn’t even have to pick up a phone, no new docs required, just bending the elbow to sign or intitial all those pages. Lowered my nut another $110 per month, not shabby.
BillSaysThis 