Applied for a mortgage refinance. Credit pulled. One of the dozens of lenders that have since emailed/cold called me is offering 6% interest with no points. Claiming fees would total about $4k which would be less than 1 year break even point.
The company appears legit with a physical address and lots of reviews. But I haven’t heard of them. I don’t know what I should look out for when talking to these random lenders. Thoughts? Does this seem reasonable?
Background: House value $1M, balance $490k, credit score 800, no other debt beside mortgage. Current rate 6.99%