<p>MomCat2;</p>
<p>Thanks for the reply and pointers.</p>
<p>I also visited Wells Fargo today (they don’t hold our mortgage but they service it) and they quoted PRIME + .5%, which works out to about 3.75% currently and there’s no origination fee. That includes a .25% discount for automatic payment. I may press them for a better deal, given your success today!</p>
<p>One question - With the Wells Fargo loan, repayment begins immediately, but it can be interest-only for 24 months. I would prefer that it be interest-only for 48 months, which is roughly when he’ll graduate (he’ll be a freshman this fall). Do you have similar terms?</p>
<p>I may also take a run at Discover to see what they will do.</p>