I understand that *I* can benefit from refinancing my mortgage to a lower rate. What I don't understand is why my current mortgage company is evidently so motivated to make that happen -- or at least they were for a few months recently.
Not to sound cynical, but I don't think their motivation in sending expensive express notices and calling me three or four times in the last few months is just to help *me*. They are a business, after all, and the only way they gain in the end is to make more money. How will they benefit by giving me a lower rate?
I understand also that they may collect closing fees, but I hardly think those can be larger than the money they could get from allowing my current higher-interest loan to drag out to its full term.
Read more: Why does my mortgage company want me to refinance?
