So this feels too good to be true, but maybe I just haven't been paying close enough attention to refi offers lately. I received a Chase refi offer via Fedex like someone else that I saw here received. My offer is a 30 year fixed @ 2.875%. Chase pays all closing costs. I spent about 90 minutes on the phone with them the other night going through all of the application questions, running my credit, etc. The entire time I'm sitting here waiting for a catch to come and it never did. The only difference between my current mortgage and this offer seems to be the interest rate. The rate I received 6-7 years ago when I purchased my home was 5.125%. This will save me around $240 per month. The loan amount is about 1K higher than my current loan balance due to funding an escrow account. Apparently they won't let you fund it with cash, but it's really a non-issue. When I receive the disbursement from my current escrow account and apply that to the principal of the new loan, it will match my current balance.
I keep thinking that something is going to come up that requires me to shell out cash or something they are going to try to roll into the loan. Is there anything that I should be keep an eye out for?
I keep thinking that something is going to come up that requires me to shell out cash or something they are going to try to roll into the loan. Is there anything that I should be keep an eye out for?
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