I would suspect that these companies did not decide to go vertical when they were cash-strapped, but in a position of financial security to take on this new risk.

.- thanks   1) on the  1st mtg  refinance proposal at 4.1%  -  sounds like they are  offering you the  higher note  rate  so they can  absorb  some of the closing costs .....make sure you get a loan estimate and  review the details about them picking up all costs  ( titel / escrow / recording /  credit  etc ...)    2)  also  check the  index / margin and  caps   on the new  loan  offer   and  compare these to the  present loan  details  ...if you  keep this loan past the   rate/ payment  adjustment  period - you want to make sure  you  are aware of  how the ARM  can  change   3) the offer  to  do  " free  "  refinances in the  future  is  no  big deal  beacuse  any lender  can offer this  via  a higher rate  to  absorb  all costs 

Look into how much money you might make, loan choices, help for down payments, checking the market, other ways to invest, and how to deal with risks.

Hope that makes sense, and feel free to message me any time with questions!

I was able to get them for free in the end.

I'd be happy to provide more insight - feel free to reach out!

It also depends on your risk tolerance for what makes sense.

The potential return % does not appear to justify the risk.

There is high risk, moderate risk, low risk.

I have been replying to posts for eight year and trumpeting the benefits and risk mitigation of adding value and people respond to me like I've lost my mind.