JDARNELL said:Their 60 months has been 2.99 forever. I just locked in about a 100K on their 5/5 ARM at 3.0%. I was going to pay the house off but at this rate for 5 yrs I can't bring myself to do it.
JDARNELL
Im really tempted to do this Pen Fed 5/5 arm. Was it truly a " no cost"? I have never refinanced "off site" and they mentioned about sending the paper work to your lawyer, to close, which I do not have. Is that a cost I incur? Approximate cost to do that? I guess, Im looking at any expenses that I would truly have to pay for the Pen Fed 5/5 offer besides the escrow adjustments and interest for the month. How many "man hours" did you have to endure to complete the process? Thanks for anyone to respond if they have refinanced with PF.
Im really tempted to do this Pen Fed 5/5 arm. Was it truly a " no cost"? I have never refinanced "off site" and they mentioned about sending the paper work to your lawyer, to close, which I do not have. Is that a cost I incur? Approximate cost to do that? I guess, Im looking at any expenses that I would truly have to pay for the Pen Fed 5/5 offer besides the escrow adjustments and interest for the month. How many "man hours" did you have to endure to complete the process? Thanks for anyone to respond if they have refinanced with PF.