On Apr 8, 1:50 pm, Augustine <evan...@[EMAIL PROTECTED]
> wrote:
> Now that the mortgage rates haven fallen significantly, I suspect that
> it's time to start thinking about bringing my mortgage rate of 6.59%
> down. I've got 16 years left on it, so a 15-year fixed is a fine
> proposition, provided that the closing costs are low.
>
> I an thinking on starting by calling the current loan holder and
> asking for a rate reduction, hopefully at no out-of-pocket cost.
>
> The problem is that the rates are not that down, especially
> considering the low Fed's rate. What would be the best course of
> action at the moment?
>
> TIA
Who is the loan with? GMAC tends to give existing customers a break
when refinancing (on closing costs). I have not seen other banks
offer this.
I would try a site like lendingtree or lowermybills.com and see what
shakes out. You will usually be put into contact with multiple banks
through one interface. I have used both without issue in the past.
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