Mortgages: Refinance or Purchase at 3.125% with $0 closing costs or even a credit towards closing with Box Home Loans

I also spoke with Wells Fargo yesterday for my current loan and for a refi, they told me 4% with $500 in closing costs. They said I'd still have to re-appraise + credit pull

Get away from the banks!!! only lenders can give u good rates.

Wait aren't banks lenders?

I also found Box and Provident to be excellent options for a refi with Provident being the clear overall winner since it had an extra 0.25 point discount from my employer.

The issue with both options is my value dropped enough that I'd need pay down a lot to get back to 80% LTV. Rather than waste the $150-$160/month in PMI, I went with a local credit union (Advantis) that offers a 2.99% 3/2 ARM with the first adjustment maxed at 1%. They don't charge any PMI even at 95% LTV, so they beat out even Provident for my scenario.

Just filled it out. Rates are very competitive. FYI they want lots of money up front to lock in your rate online...

Lender only hold your loan for at most 1 month then sell off to the bloodsucker bank to torture you for the next 360 months...

Wow, I need to check out my local credit unions, I have 85% LTV in my home now and am not paying PMI on my current loan- I would LOVE to refinance without paying any PMI. My loan was transferred to FMAC 20 days after the cutoff so I don't qualify for that program. Does anyone know of any other lenders that would waive PMI on a loan?

Bryant, thanks for posting this thread. I don't understand all the thumbs down as we need more threads like this regarding mortgage rates.

Just to clarify, when you say no closing costs, is Box rolling the closing costs into the loan or are they actually paying them?

I assume you have to pay for an appraisal out of pocket even if the refi is not approved.

I am looking to do a refi. My current loan is with Wells Fargo. I just hung up with their loan department and he said that all the other companies are just rolling the closing costs into the loan to give the 3.75 rate. He said he could only go 3.75 if he rolled the points in. If Wells Fargo pays the closing costs, the rate as of today would be 4.25%. They push the fact that you don't need a new appraisal or a credit pull since you already have a loan with them. (FHA Streamline)

Provident is good under certain scenarios. We are an approved lender with them, but the main drawback is that they only take cookie cutter transactions. I.e. they won't do condos, they don't like self employed borrowers, they won't refinance any properties with unpermitted work. Every situation has a lender that has a certain niche that they cater to, the work involves finding the right lender for the right scenario.

I priced them all for my refi, the cheapest wound up being provident,com they do 3.625 for a 30 year fixed and give credit closing, a 15 year was 2.875 all closing called. Do a google search and you'll see other websites swear by them. Boxhome loans did come in close second but was about 1500 more expensive for the same loan.

i found a lot of bad ratings for them at bills.com ... did you close already?