mortgage

[88vmx12]

I just purchased a new car for my wife and then we recently recieved a call from the credit union that we financed through asking if we would be interested in changing my truck loan over to them along with our home loan. When we built 3 years ago 5.25% was pretty dang good on the interest rate. Now these guys are offering 3% or right around there. They called us and all the guy had to say with excitement "you guys have such outstanding credit and the way you pay always extra , never late etc etc"
Now then they hit us up on refinancing my truck I just got 11 months ago it was used and was able to get 3.99% on it and that was awesome for used. They will refinance for no fee except for what the state requires to document the lean holder change fee of $14. Get this they will finance at 2.74%. I figured that with paying the same that I pay every month for my truck I will be out about 9 months sooner. The house I will continue to pay the same and will be out of that 7 years sooner. I guess at this point it is a no brainer unk: Now let us just see what they want for a house loan refinance fees are.. Heck I might as well take some cash out and finish the yard too!

G

 

[Rusty McNeil]

My gut instinct is that good deals usually don't come looking for you. When they do there's always a dressing catch.

Now that you are hearing what rates and terms are available I'd go out there and look around. You might end up right back with the folks offering this deal but at least you'll have done you're "due diligence"

 

[88vmx12]

My gut instinct is that good deals usually don't come looking for you. When they do there's always a dressing catch.

Now that you are hearing what rates and terms are available I'd go out there and look around. You might end up right back with the folks offering this deal but at least you'll have done you're "due diligence"

I am with you on looking around .... but I don't have time neither does my wife... working way too much :bang head:

G

 

[Rusty McNeil]

I am with you on looking around .... but I don't have time neither does my wife... working way too much :bang head:

G

I hear you there. I'm over 700 hrs o/t so far.
Still grateful though that I have a job in these times.

BTW
I refied about 11 years ago, primarily in order to go to 15 yrs instead of 30

It's one of the few good financial moves I've ever made.

 

[88vmx12]

I hear you there. I'm over 700 hrs o/t so far.
Still grateful though that I have a job in these times.

BTW
I refied about 11 years ago, primarily in order to go to 15 yrs instead of 30

It's one of the few good financial moves I've ever made.

you got me beat on the OT I am only at 460 for the year but I think to make it more fare you need to include my 3hrs of travel round trip each day to work LOL

 

[wildweasel_pt]

Tell that to your current provider. Ask them if they can match it and if not you will move. You may have to do nothing to get it in the end

 

[hijacker]

Tell that to your current provider. Ask them if they can match it and if not you will move. You may have to do nothing to get it in the end

This is the way to go first. If they match or beat the competitor's offer then you may not have to pay the refinance fees and go through all the paperwork crap to change lien holders.

I called my mortgage company 2 years ago and just asked them if they would lower my interest rate. I told them I was having trouble making the payments. I had to provide them with information like our pay stubs and bill information. They reduced the interest rate from 4% to 1% for 5 years.

All I did was ask! :clapping: Totally expected them to laugh at me.

 

[88vmx12]

This is the way to go first. If they match or beat the competitor's offer then you may not have to pay the refinance fees and go through all the paperwork crap to change lien holders.

I called my mortgage company 2 years ago and just asked them if they would lower my interest rate. I told them I was having trouble making the payments. I had to provide them with information like our pay stubs and bill information. They reduced the interest rate from 4% to 1% for 5 years.

All I did was ask! :clapping: Totally expected them to laugh at me.

Actually before the crash I had two houses and was having issue paying both mortgages and call the bank and asked then to refi the house and all they said was your debt to income ratio was out of wack, I thought to myself "How in the **** would they know this? they actually have no idea what I make and when inquiring abour a loan they have to get your permission to pull your credit history." right then and there I knew for a fact the lady was full of crap. I then told her that I could not continue on this way and I needed help. She kept on with the same ole line and then I asked her where I could drop the keys off because they could have it back. Then it was "oh no sir you don't want to do that!" then from there on out it was back and forth "we cannot help you" and " You don't want to do that" so I ended up letting the one house go.
Now with the new house I checked into a refi about a year ago and they told me it was going to cost me around $4,500 out of pocket from all the paperwork yadda yadda crap to refi with the current lean holder.If they couldn't do it for next to nothing back then I sure in the heck am not going to even mess with them now! I have no use for big corporate banks in america these days, they are a bunch of fools and morons. The intelligence or common sence is long gong from these people. They cannot figure out that to keep people you need to work with them not against them. I have all of my accounts at a local small town bank and have never had any issues. The only one I have in a major bank is my house loan. If I can give it to a local state credit union then I will unk:.
When my father passed away 7 years ago he had a operations loan with a large corporate bank for his business. The morons came after my sisters and myself for the debt owed when it was a corporation loan and neither of us had ties to it. My one sister went to a lawyer right away and got them to pull their heads out of their *****. I honestly wanted to let them go farther and take us into court then go after them for a large settlement case of some sort :rofl_200:. Anyways when they were dividing up my fathers estate the Bank never had the same lawyer there at each hearing. In the beginning my sister was the head of the estate and the one lawyer said basically that he didn't trust her. Then asked the court for her to be removed. The next time around new corporate lawyer and he was asking for her to still be in charge of the estate so they knew where everything was. The judge refused and basically told them "no this is what you asked for" . By the third time the and a different corporate bank lawyer the judge told them they were no longer allowed in his courtroom on this matter , basically because they were morons :rofl_200:. In the end as always the Lawyers ate up the estate because they were idiots and I still laugh at the bank as I drive by. I will never bank with them and if for some reason my load got sold to them I would go ballistic :bang head:. That is where a bank like .......... will get you total morons

G

 

[KJShover]

I've got a few of those offers, Some were pretty damn tempting. But, in 5 more years my digs will be payed for. I can hang on for that.