All the intelligent brains - please answer my question

i have tried all the calculators above - but cannot decide exactly whether i would benefit from refinancing (and if so at what rate)

I have a 363,000 mortgage left (original amount 400,000) from citi at 5.375% {taken in Jan 2007 in NY; 1 point ($4000) paid on the original loan amount}.

My credit is very very good

If the refinancing company tells me that there is no closing cost; and that the new loan amount with them would be 363,000 - is this much info. enough to trust them {that there is no closing cost}; or they can still slip in charges to cover for closing cost in any way {what specific info should i ask for?}

At what rate if i refinance, would i benefit and save money?

At what interest rate refinancing is beneficial?

Thanks in advance for all your help

Ouch, my rate from 3.5 years ago is better than the rate today (15 year @ 4.625%). It's odd that the 20 year fixed is higher rate than 30 year fixed.

if you do no closing costs, even 0.25% rate drop is worth refi since the savings are immediate

Good luck with WF 3 step no cost refi. I have been having trouble trying to reach my consultant for a week now, and can not take advantage of the rate drop. Once you start the process, good luck to you trying to reach the sales person.

I made my last home from primary resident to rental property.

My interest rate is currently at 6%. I was wondering how will refi interest rate will be effected by property being rental now.

They quoted me 5.125% today for a 30 fixed no closing cost refi (current customers only).

Hugenstein said:The Online Refinance isn't working for me, so I called the refinance number on my mortgage statements. Their phone system said we are too busy and hung up.

That's exactly what happened to me. I tried calling early yesterday, got the message and was promptly disconnected. About an hour later, I spoke with someone in their "messaging center" who said someone would return my call. No call by 9:30 Central last night, so I tried again. "Too busy" and a hangup. At 10:00, same thing. Then I thought I'd try the Spanish option since I used to be fairly fluent in it about 15 years ago. Guess what -- it went straight through with no "too busy" message. Unfortunately, my Spanish was too rusty to continue through the entire process

At 10:40, the "messaging center" answered again (on the English menu) and said they'd take my information and someone would call. I told them I called early in the day, left my information, but no one returned the call. Their response was, "Oh, then they will call you back first thing in the morning". Yeah, right, I guess that was in my WF account profile to "call him back first thing tomorrow morning". "First thing" was over three hours ago and no call.

I found we have a local office and they said my state (Alabama) is no longer allowed to do the 3 step no-cost refi because "they've had too many from certain states". They were going to look into another similar program (their words), but they didn't have Wells Fargo's current rates (at 9:15). They said they'd call when they have the rates. That was an hour ago. They can't get the rates within an hour?

I think I'll look into some other options as I'm tired of jumping through WF's hoops and getting nowhere. Then again, if you speak Spanish, you might get your refi done faster

i applied for one 2 days ago and got quoted for a 5.5% 30 yr fixed. this is when WElls Fargo Rates site stated 5% for a 30 yr and they have traditionally added .5% for no cost refinancing. However, today its at 4.75%, im trying to call them to lower the rate to 5.25%. i hope it works

i refinanced last year and started the app process in september which was originally at 6.75% but didnt close until late nov. I called three times to lower the rate and they were nice enough to do it 3 times. It actually went down to 5.5%, which gave me a 6% rate but they said they already changed it 3 times, they wont do it anymore. At the time I had an adjustable 8.5% loan (dont ask), so i took it. However, now that adjustable loan would have a rate around 5.25%, so refinancing is starting to hurt compared to my old loan.