Posted on: 21st Jan, 2008 02:13 pm
how long should you keep your current mortgage and what is an indicator that you should try and refinance.
is it good to take a look at getting a new loan every now or then or should you just stay wear you are if you are actually having a descent chunk coming off the principle?
what are your thoughts?
is it good to take a look at getting a new loan every now or then or should you just stay wear you are if you are actually having a descent chunk coming off the principle?
what are your thoughts?
Hi Patricia,
I don't think he'll get a higher rate if he's with some other bank. The rates offered depend on the market and on your financial situation and credit worthiness.
Request him to check out with some other banks/lenders if this bank doesn't offer a fixed rate.
Thanks
I don't think he'll get a higher rate if he's with some other bank. The rates offered depend on the market and on your financial situation and credit worthiness.
Request him to check out with some other banks/lenders if this bank doesn't offer a fixed rate.
Thanks
I have talked to him.He says it isn't as easy as I think. I am stumped he won't even try. The rate is so low and he seems to be willing to stay at the rate of7.5 untill the year is up and maybe the rate will still be low enough to where will benifit and maybe not. Right now ourt payment on 39,000 is at nearly 500 a month! At one time it was 395. But that was when the rate was lower. Maybe he knows something I don't. MAybe it is impossible for us to get a fixed rate.
I don't think it is impossible for you to get a lower rate. Until and unless shop around, you never know whether you'll get it or not.
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