[Lindsay J]

can sell it off.? Am I legally obligated to refinance my mortgage? The bank that owns my mortgage says that I MUST agree to refinance or they will be unable to sell my mortgage off. This seems a little shady to me and I shouldn't have to do this nor pay for all the closing costs they want ($4500.00). Please help!Wow, you guys are quick! Thanks so much for your help. I've had the mortgage for 2 years this month. Never applied for a new loan/refinancing etc. I received in the mail (directly from the bank holding my mortgage) that included my credit report/score and said that I was a "loan applicant." I called them and they said that this was "standard" and automatic since they are in the process of trying to sell it. It is an FHA loan if that matters. Never late, never missed a payment and the bank trying to sell it is the original holder of my mortgage. My current rate is 5.375% and they said it will drop to 4.25% and is "no cost." Also on the paperwork they want me to sign shows my house being worth 50K more than it actually is. It says I have equity that I really don't. This whole thing is weird and I can't seem to find any information online about banks doing this before. : /