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Pumpkin1
LIF Adult
Member since 12/05 3715 total posts
Name:
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Refinance Rates
I am refinancing and have my rate "locked." If rates go down, can I take advantage of the better rate prior to closing on the refinance?
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Posted 6/4/12 5:25 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Serendipity
Summer!
Member since 4/07 7631 total posts
Name:
PrayingWishingHopingALOT
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Re: Refinance Rates
It depends on your bank. Some banks will let you renegotiate the rate if it decreases by a certain amount (determined by the bank).
I think it has to decrease 1/8 point.
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| Posted 6/4/12 6:21 PM |
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