Try a mortgage broker who specializes in refinancing, not a bank. There's no reason whatsoever to stick with Wells Fargo for the refinance, because they'll pro

Try a mortgage broker who specializes in refinancing, not a bank. There's no reason whatsoever to stick with Wells Fargo for the refinance, because they'll probably still charge you closing costs, appraisal fees, etc. I have no idea if defaulting on your mortgage will get you distressed mortage rates, but it will most likely make getting a refi or another mortgage a lot more complicated.