Is the zero refinancing home loan real ?
I am planning to buy my first home and applying for a home loan and one of the lender said this to me
” If you take your mortgage with us and after 4 payments are made, if the rate goes down by a .25% we will refinance you at no cost”
1) Do they really refinance at NO(zero) cost of the rates go down .25% ?
2) Are there any other charges which are hidden which lenders charge if we refinance at a later stage when rates drop ?
