My recommendation is talk to Phi. He does seem to have a really good understanding of these things, and we've done it a half dozen times over the life of our mortgage to a great advantage.
He doesn't keep up with LJ reliably; drop him an email and tell him I suggested you do so.
Yeah, talk to me. We've used a broker (Capstone) and direct to a bank (Central, and being local to them absolutely helped). We've dealt with some complications. Rule of thumb is that lowering your rate by 1% is the threshold that should trigger a refi
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All legitimate (standard like 15 year or 30 year) mortgages are the same; very few loan originators hold on to the mortgage, so it doesn't matter where you get it--compare on price, and price alone. You can often set originators against each other in order to lower the price of the interest rate, and/or to reduce points or closing costs. The last two times I refinanced, (in the '90s and 2000s) I did so with no closing costs. I haven't done so since the financial meltdown, though--theoretically the banks and loan originators are being more careful, but I believe systemic problems have not been fixed.
You know about declarations of homestead, right? If you want to talk, feel free.
Once you're ready to talk to a lender I highly recommend Patrick Leahy at Boston Private Bank & Trust. I have talked to at least a dozen banks, credit unions, and mortgage brokers in the area, most recently trying to find someone who would finance the condo conversion mortgages for Edgewood, and he (along with Kelly Kearns, who works with him behind the scenes) are by far the most competent and knowledgeable people I've dealt with. Patrick's number is 617-912-4340.
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He doesn't keep up with LJ reliably; drop him an email and tell him I suggested you do so.
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You know about declarations of homestead, right? If you want to talk, feel free.
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(Oh, not THAT Patrick Leahy. Okay, thanks, I'll call him if it gets to that!)
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