Endorsement

- App to refinance
    
    - 450 appraisal
    - 1500 fee
    - 12 months property tax (?)
    - 20 yr @
    - 905 = principal + interest
- Endorsement
    
    - 1100 fee
    - No appraisal
    - 3.0%
    - P + I = 907
    - Less paperwork
    - Loan servicing dept. would serve
    - Mail, signature
    - Acquire appraisal