- Dec 13, 2009
- 7,832
- 38
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Wife and me work late and she's been dealing with bank over our refinancing but apparently she doesn't ask the right questions as I'm filled with them each time I get updated but I never get home in time to call.
So their saying to us that our closing cost is just over $1000 and that they will give us $700 of that money back within 2 weeks. Has to be cash or check, no CC which is fine but what's the point of us giving them $700 to begin with? What are they doing with $700 just to turn around and give it back to us in two weeks?
Anyone have an idea of what that's about? I told her to email them and make sure we get that in writing or some legal documentation over email as our time limit is Oct 25 afterwhich interest goes up so no time for paper. We have the original email stating we would get that money back but I want something with a signature on it.
The bank is our current mortgage lender which is Suntrust bank. So it's not one of those oddball places or anything, I would normally trust a typical bank but this deal just doesn't seem logical to me.
So their saying to us that our closing cost is just over $1000 and that they will give us $700 of that money back within 2 weeks. Has to be cash or check, no CC which is fine but what's the point of us giving them $700 to begin with? What are they doing with $700 just to turn around and give it back to us in two weeks?
Anyone have an idea of what that's about? I told her to email them and make sure we get that in writing or some legal documentation over email as our time limit is Oct 25 afterwhich interest goes up so no time for paper. We have the original email stating we would get that money back but I want something with a signature on it.
The bank is our current mortgage lender which is Suntrust bank. So it's not one of those oddball places or anything, I would normally trust a typical bank but this deal just doesn't seem logical to me.