My Fucking Mortgage Company

[Samson]

I dropped a couple of points on the rate of my 30 yr fixed mortgage when I changed companies 2 years ago. Now its 5.79%

I shopped and found 4.5%

So I give my present company a chance to be competitive.

They tell me the best they can do is 5.49%!!!

WTF??? Are these guys totally out of the ballpark??? Is 4.5% a "teaser" rate?

 

[Toro]

What does it say?

 

[syrenn]

The devil is in the details and points.

 

[xotoxi]

The devil is in the details and points.

Like the detail about giving up first-borns and stuff like that.

 

[syrenn]

The devil is in the details and points.

Like the detail about giving up first-borns and stuff like that.

Maybe they are going to ask him for one of he eight arms.

 

[Samson]

The devil is in the details and points.

Nope, I'm comparing clean closing cost, no points, 30 yr fixed mortgages.

The bitch loan officer with my present company promised to remain competitive if rates dropped.

 

[xotoxi]

The devil is in the details and points.

Nope, I'm comparing clean closing cost, no points, 30 yr fixed mortgages.

The bitch loan officer with my present company promised to remain competitive if rates dropped.

I guess you can start calling the bitch loan officer a lying bitch loan officer.

 

[syrenn]

The devil is in the details and points.

Nope, I'm comparing clean closing cost, no points, 30 yr fixed mortgages.

The bitch loan officer with my present company promised to remain competitive if rates dropped.

Then you need to make good on the "threat" to move your mortgage. Then see what he does. They dont think you will actually take the new mortgage.

 

[Neubarth]

I'm at 4.375 with no closing costs. I did that last year in March or earlier. I used the Internet to do my shopping.

 

[Middleman]

Go with your best deal and call it good. Try to pay off your loan early so you aren't a slave to bitches.

 

[Middleman]

You need to cut back on high calorie food, man!

 

[Samson]

The devil is in the details and points.

Nope, I'm comparing clean closing cost, no points, 30 yr fixed mortgages.

The bitch loan officer with my present company promised to remain competitive if rates dropped.

I guess you can start calling the bitch loan officer a lying bitch loan officer.

He called me back with his "best offer" at 5.49%.

When I asked if he was kidding, he asked how long I'd planned to remain in the house.

I told him I had a grave for myself already dug in the basement, and wondered how that was relevant, and that I didn't wanna hear from him unless he could offer 4.5%.

 

[Samson]

The devil is in the details and points.

Nope, I'm comparing clean closing cost, no points, 30 yr fixed mortgages.

The bitch loan officer with my present company promised to remain competitive if rates dropped.

Then you need to make good on the "threat" to move your mortgage. Then see what he does. They dont think you will actually take the new mortgage.

HUH???

They think I'm playing? When it takes all of a few seconds to find 4.5%??

Well, maybe you're right: they're idiots.

 

[Samson]

I'm at 4.375 with no closing costs. I did that last year in March or earlier. I used the Internet to do my shopping.

SEE!!!!

MARKET IS NO WHERE NEAR 5.49%!!!

 

[topspin]

I think I'm getting like 4.6 I was at 5.6

just cause we have a reform bill doesn't mean most bankers aren't snake oil salesman

 

[Ravi]

I'm at 4.375 with no closing costs. I did that last year in March or earlier. I used the Internet to do my shopping.

Why bother with a mortgage when the Rapture is upon us?

 

[editec]

I dropped a couple of points on the rate of my 30 yr fixed mortgage when I changed companies 2 years ago. Now its 5.79%

I shopped and found 4.5%

So I give my present company a chance to be competitive.

They tell me the best they can do is 5.49%!!!

WTF??? Are these guys totally out of the ballpark??? Is 4.5% a "teaser" rate?

You DON'T know if its a teaser rate?!

Is that the rate they're offering on a 30 year fixed mortgage?

Then it's NOT a teaser.

Neg 1% change is probably NOT worth the cost of refinancing.

Not unless the amount you owe is rather large.

Do the math first.

The sum of all fees and expenses getting the new rate V the savings over time.

If you're not in your house for the long haul, it might not be worth the investment.

 

[Samson]

I dropped a couple of points on the rate of my 30 yr fixed mortgage when I changed companies 2 years ago. Now its 5.79%

I shopped and found 4.5%

So I give my present company a chance to be competitive.

They tell me the best they can do is 5.49%!!!

WTF??? Are these guys totally out of the ballpark??? Is 4.5% a "teaser" rate?

You DON'T know if its a teaser rate?!

Is that the rate they're offering on a 30 year fixed mortgage?

Then it's NOT a teaser.

Neg 1% change is probably NOT worth the cost of refinancing.

Not unless the amount you owe is rather large.

Do the math first.

The sum of all fees and expenses getting the new rate V the savings over time.

If you're not in your house for the long haul, it might not be worth the investment.

4.5% without any closing costs, and no points.

I have a plot and headstone picked out in the backyard, next to the hamster.

 

[Neubarth]

I'm at 4.375 with no closing costs. I did that last year in March or earlier. I used the Internet to do my shopping.

Why bother with a mortgage when the Rapture is upon us?

Hummmm? Are you one of those crazy religious fanatics? If so, when is the rapture?

 

[Mad Scientist]

The devil is in the details and points.

Nope, I'm comparing clean closing cost, no points, 30 yr fixed mortgages. The bitch loan officer with my present company promised to remain competitive if rates dropped.

Samson I take it you've been in this house a few years making payments right? Why don't you look at fixed 15 or 20 year mortgages and start putting some more towards the principle. You can pay off your house early and have no house payment!
If you've already made 5-10 years payments then you re-fi for 30 years you are, in effect, putting yourself at the end of the line mortgage wise. No house payment beats the pants off of the interest deduction any day.

By the way I have an adjustable rate that adjusted itself down from 6.5 to 5.5 last December. Lowered my payment about 100 bucks.