Question by sooners83: New home Mortgage and refinancing?
My builder will pay my 5K or so closing costs if I use their mortgage company. Well, come to find out (6th months ago is why I got my first quote) the company is charging a pretty high interest rate.
Since they are paying my closing costs if I use them, could I refinance the house, let say in 6 months to a year, to another better company?
Answer by Landlord
Read the loan docs, but I am betting that it has a hefty pre-payment penalty if you refi within 2 years.
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