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Old 05-13-2020, 01:38 PM   #41
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I called Bank of the West, which was painful. Dozens of voice menus to go through, enter account number and last 4 of SSN, etc. Then a very long hold (20+ minutes) until a person answers and asks all the same stuff I just entered. Then transferred to another department and more menus, holding, and asking for the same info again. Finally connected with a person who was pretty gruff and didn't sound like she wanted to help.


So the info I got was 4.29% for 8 or 10 year term. Longer term, up to 20 years is 4.49%. They charge a $399 processing fee to refinance.


My current rate is 5.74%, so at 4.29% I'll break even on the processing fee in 5 or 6 months, so it sounds like it's worth it to refinance.
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Old 05-13-2020, 01:45 PM   #42
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Originally Posted by jabrabu View Post
I called Bank of the West, which was painful. Dozens of voice menus to go through, enter account number and last 4 of SSN, etc. Then a very long hold (20+ minutes) until a person answers and asks all the same stuff I just entered. Then transferred to another department and more menus, holding, and asking for the same info again. Finally connected with a person who was pretty gruff and didn't sound like she wanted to help.


So the info I got was 4.29% for 8 or 10 year term. Longer term, up to 20 years is 4.49%. They charge a $399 processing fee to refinance.


My current rate is 5.74%, so at 4.29% I'll break even on the processing fee in 5 or 6 months, so it sounds like it's worth it to refinance.
I sent you a private message. could help.
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Old 05-13-2020, 01:55 PM   #43
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Quote:
Originally Posted by jabrabu View Post
I called Bank of the West, which was painful. Dozens of voice menus to go through, enter account number and last 4 of SSN, etc. Then a very long hold (20+ minutes) until a person answers and asks all the same stuff I just entered. Then transferred to another department and more menus, holding, and asking for the same info again. Finally connected with a person who was pretty gruff and didn't sound like she wanted to help.


So the info I got was 4.29% for 8 or 10 year term. Longer term, up to 20 years is 4.49%. They charge a $399 processing fee to refinance.


My current rate is 5.74%, so at 4.29% I'll break even on the processing fee in 5 or 6 months, so it sounds like it's worth it to refinance.

I had the same experience. Started thinking....if B of W is this hard to deal with to give them business, what will they be like after they have my business?? Decided to make extra principal payments and keep the interest rate I have (5.15%).
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Old 05-13-2020, 02:02 PM   #44
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I had the same experience. Started thinking....if B of W is this hard to deal with to give them business, what will they be like after they have my business?? Decided to make extra principal payments and keep the interest rate I have (5.15%).
My original experience and my no cost refinance were both a breeze.

Not sure, the first time was before Covid the refinance was during.
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Old 05-13-2020, 02:11 PM   #45
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My original experience and my no cost refinance were both a breeze.

Not sure, the first time was before Covid the refinance was during.

That's weird that you got no-cost refinancing a week ago and I was just told it was a $399 fee.
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Old 05-13-2020, 02:43 PM   #46
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That's weird that you got no-cost refinancing a week ago and I was just told it was a $399 fee.
last month
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Old 05-13-2020, 04:53 PM   #47
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And, in other news...still waiting on the stimulus/aid deposit.
Be Happy......At least You qualify for the hand outs..
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Old 05-13-2020, 05:00 PM   #48
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What if you took your stimulus check and bought a winning PowerBalll Lottery ticket?
Would the Feds want their money back?
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Old 05-13-2020, 08:28 PM   #49
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Be Happy......At least You qualify for the hand outs..
Actually arent you better off if you dont qualify 🤔
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Old 05-14-2020, 04:07 AM   #50
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Actually arent you better off if you don't qualify ��
All we will get is the increased taxes to pay for all this.
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