However, it would also take years to break even on your fees. Paying costs assumes rates will never get better and you will never refinance or move. With No Cost loans you pay nothing, so you are free to take advantage of any future drops in interest rates. If you invest what you would have paid in fees in mutual funds, you will likely make money instead of paying it. No cost loans make sense if your new rate is lower than your old rate - it is that simple.
Streamlined loans require less documentation so they go much faster.
Once you are an Arboretum client, all of this information is kept on file so you can quickly take advantage of any future rate drops. Refinancing is hassle-free once you're with us. Your mortgage is likely your largest debt, and your house is likely your largest asset. They both deserve full time, informed monitoring to maximize future opportunities.