Re: Refinancing Strategies

Don wrote:
> On 2008-04-08 10:50:39 -0700, Augustine <evandro@[EMAIL PROTECTED]
> said:
> 
>> I an thinking on starting by calling the current loan holder and
>> asking for a rate reduction, hopefully at no out-of-pocket cost.
> 
> 
> No! Your current mortgage holder is the worst place to begin. 

Why is that, Don? If the current mortgage holder has any interest in not 
losing the loan, and will change the terms for little to no fee (as my 
prior anecdote suggests) why not pick up the phone?
Joe

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