Curious about a refi

Today it is hard to answer that question. Rates took a huge hike today. It depends on when that rate was quoted. If that rate was quoted prior to today, then there really should not be any other fees from the lender other than normal processing and underwriting fees. Although if she was quoted 4.25 today she should expect to pay an origination point. If she was quoted earlier with or without origination fees that rate is a little high. If I can help you can contact me at Dwight@ALendingPartner.com or 843-290-6635 hope this helps.

Dwight answered the question very well. The market changes daily and rates will fluctuate, however the rates have been constant over the past couple of months. The way to determine whether that is a good rate or not will depend on how many points the lender quoted your mother would be charged as well as to look at the APR, which is the annual percentage rate. The APR will inform you of what the cost of the financing actually is. If you have in further questions or concerns feel free to contact us at 877-834-3340. We are Local Loan Correspondents in CA and will be happy to assist your mother.