refinancing headache, help?!

[Trek420]

Well first some questions and maybe some answers? why the refi? If you are in an ARM I would say (though not a professional and no professional training and do not rely on me for financial advice because I'm flat broke so it's like getting diet advice from the chubby gal or speed and power tips from the slow chickie and blah blah blah) that you refinance NOW whether your monthly payment is a little less or the same or even more. Because if you are in an ARM at any moment your rate can/may/will skyrocket at any moment.

So now's the time. Do it now, rates are low, the govt. has programs to assist.

If you're in an ARM and can document your income DO IT!!! If you're in an ARM and can not document income, well, I have no idea what you should do.

If you are in a traditional 30 year fixed as I was taught by my Dad (who also was not a professional, no professional training although in a related field blah blah blah) any time you can get a loan 2% or more lower than what you pay now ..... go for it. That's almost always worth it.

Are you planning to stay a while or looking to sell? Duh, reading the OP it looks like you're staying a bit ($30.00 x number of payments to = nice bike )

If you're fixed and staying it may be good to refi now. If you think you can/will sell soon then can't make that decision for you.

I worked with an excellent gal at Wells Fargo and at my Credit Union. Both showed me that although I could lower my rate by almost 2% from 6% to 4.something by the time fees, appraisals, this and that is tacked on my payment I would not have to bring any cash in, both offered to roll the fees in with the loan as they are my bank but I would only be a little lower.

I decided to pass on the paperwork at this time. I'll probably sell in 2 years anyway. Anyone want a newly remodeled bikeable condo in Hayweird, CA?

I dunno who you are working with but since Wells is in CA, so's my credit union gal if you want their numbers PM me.