Originally Posted by dooo42
Can i go to my local bank that i used for many years and apply for a home loan to pay off my current home loan and in the process get the lower interest rate? i'm not asking to refi just to take over my loan...or will they keep the same interest rate?
You are asking for a refinance with no cash out. You don't have to refinance with your existing bank.
That means you want to borrow what you owe Bank A from Old Bank. Old Bank will quote you a rate that is current (and hopefully much lower than your current mortgage).
At closing, Old Bank will pay off Bank A and your new mortgage payments will begin with Old Bank.
Do your research on rates and fees.