Chadstroma, once again thank you for your help with my questions on my refi. Was able to finally close, with a 3.5% 30 year rate. Hopefully never to be done again, as (just I said 3 years ago) rates will never be lower.....haha.
Anyway, one question that I had. Old mortgage and new mortgage were from the very same bank, BB&T. I had built up an escrow account in the old mortgage of over $5k, which as you know was going to be used for upcoming taxes and insurance costs. Well, with the new mortgage, at closing, I had to pony up a brand new $3,500 or so out of pocket to set up a new escrow account for those very same thing. Now eventually I'll get the $5k from the old escrow account back (hopefully sooner rater than later), but why can't they just use the funds already there for the escrow on my new loan? It's not like it's a new and different bank. Can't they just transfer that?