Refinancing

patricia · Joined: 16 Jan 2008 Posts: 133 0.92 Dollars($)

I keep trying to talk to him but he keeps says stuff like our bank does not offer fixed rate . Something about if we go somewhere else the rate will be higher.What he is saying makes no sense to me.

jameshogg · Posted: Wed Jan 30, 2008 12:07 am Post subject: RE: higher rate with banks

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

patricia · Joined: 16 Jan 2008 Posts: 133 0.92 Dollars($)

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.

adonis · Posted: Thu Jan 31, 2008 3:22 am Post subject:

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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