Hi -

Have a question for the experts here.

One of the brokers here, is offering a cash back if I refinance with
them. The deal is basically that I get a higher interest loan and get
a certain cash back. Once I stay with them for four months I have the
option of refinancing again.

The cash back not only covers the extra payment I make due to higher
interest rate, but also leaves a good chunk of money in my pocket.

Is this legal?