trying to refinace

[georgeharrison]

You know, for the most part, I think that I'm reasonably smart and able to make sense of things. For some reason, though, I am really struggling understanding this refinancing process (mostly fees and such). I think I am starting to get things sorted out, but I seriously feel like such a moron right now.

[georgeharrison]

Yes, that's exactly what we are doing. I am working with this lady and doing it all via email (we have pay as you go phones, so we try to not make calls). I'm getting confused as to what we have to bring to the table to close. She's super gracious and not making me feel dumb and answering all my questions, but I'm sure she's super eye rolly on the other end of the email. It will be worth it, though, if this works out.

[jennlin]

I don't know anything about the fancy refi's through special programs, but h and I are in the middle of a traditional refi right now. At least in our case, it's pretty similar to a traditional home loan.

[georgeharrison]

I think this is my problem. When we bought our condo, we did one of those super easy, no checking loans. We had to do very little of anything to get in our home. It was really ridiculously easy, and I'm not surprised that tons of people got loans that really shouldn't have during this time (mid 2007). I don't think they even verified that we were employed.

[georgeharrison]

It was pretty crazy. James and I just kind of shook our heads and smirked. I'm glad that we were buying knowing what we were actually able to afford and not what we per-qualified for - which was like 2.5 times what we bought our condo for.

[sarack]

good luck!