The home has closed. Tony gets his refi.

The home has closed. Tony gets his refi.

This all started with a post about "is it greed or is it me". 168 comments.

This post went wild with comments about the banking industry. Lenders who want to help and those who don't.

Well yesterday, Tony signed the papers on his home. He will save about $280.00 per month after the "refi" of his home. He went fron 6.75% rate to 3.99%rate.

His bank did not even offer a refi, nor would they even talk about a Re cast loan as mentioned by John in a comment.

There will be a twenty year payment schedual, with one final payment in the last month.

I wanted to add a picture of his home but he declined my request to do so.

I hope this is a lesson to the bank on how they can loose business and how a bank can gain new business.

Here's hoping all have a great day.