Quote Originally Posted by kwando View Post
Pm bside303, he has a guy that refis to FHA loans, no money out of pocket. No increase in principle. He gets kickback from the govt, FHAs are nice because there is no appraisal.

Conventional loans that are no cost refi, closing costs are rolling into the loan.

I'll give him a shout.

I just checked on wells fargo and their rates are 4.230 APR, so a 1/2 point savings. About $2200 up front though even with an FHA it looks like.
savings of about $100 a month, so not terrible, 2 years to make up the $$, then over $30K in savings not including interest savings over the life of the loan.