Who is refinancing their mortgage?

[fishme]

Erin, you should ask to make sure that is the case, don't let an opportunity to drop your interest rate by a percent and a half!

V

I asked my mortgage broker and she said I needed to. I wonder if all brokers/lenders require that, though.

Has anyone here refinanced without getting an appraisal?

This is what my friend did. He didn't pay a single penny to re-fi his mortgage. 30 yrs fixed rate is dropped under 5% now without any cost. To answer your question. "No, you do not need to pay any kind of cost including appraisal." If you go with Wells Fargo, you have to pay something like $400 up front for appraisal, once you sign the loan docs they will rebate you back the $400.