I plan to pull the trigger today and refinance my 30yr mortgage (27 years left to pay) from 3.75% to a 2.75%. Most likely going with 25yr term.
After speaking with multiple brokers, it's interesting that their offers are somewhat similar. Best one I got was to go to 2.75% with $2,500 cost (title, credit report, notary, etc) and 4 months or so upfront escrow (taxes). Others came very close, all at 2.75% but $3,500 instead of $2,500 in closing costs.
My question is ... if they all are so similar, what else do you go by? One broker I already did mortgage with and all went fine but he is about $1,000 more than the other reputable broker.
What else is important that I should be asking when picking the right broker to go with?
Thank you.
P.S. Yes, I plan to be in this house for a long time. I already add extra $500/mo towards principal but feel uncomfortable going into 15yr term so will stick with 25 or 27yr.