Author Topic: Mortgage churning?  (Read 2501 times)

Offline dovy2

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Re: Mortgage churning?
« Reply #20 on: July 14, 2021, 04:12:10 PM »
How do you get a no cost program?
You do realize that this is a post from 4 years ago, correct?

Offline daybyday

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Re: Mortgage churning?
« Reply #21 on: July 15, 2021, 02:53:54 PM »
I got mortgages at 4.75% and right now I just got a new one for 4.25%...
Reading this in 2021 and thinking 'wait what?!?!' Then i looked at the date of the post and it all made sense.  :D

Online HoKo

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Re: Mortgage churning?
« Reply #22 on: July 17, 2021, 01:45:46 PM »
How do you get a no cost program?

Hard to tell without more context, but they might be referring to receiving a large lender credit that effectively cancels out the closing costs associated with the Refi