mickie
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| mortgage refinance |
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What is the term for when you request the financial institution that currently holds your mortgage lower your rate in lieu of you going to another financial institute that has a better rate? Is there any situation that would prevent them from lowering your rate?
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Thu Jan 01, 2004 8:33 pm |
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Andrew
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Hmm, I wasn't able to find any references to this, so I don't know what it is called. Credit card companies do this all the time because it is cheaper lower the rate and keep the customer, than to recruit a new customer. I guess mortgage companies might be doing this to, although I don't recall this option with my mortgages. Anybody familiar with this? Let us know if you figure it out...
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Fri Jan 02, 2004 8:24 pm |
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mickie
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I found it...its called loan modification.
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Tue Jan 06, 2004 10:20 pm |
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Andrew
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Cash: $ 467.10
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Thanks. 
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Wed Jan 07, 2004 6:27 am |
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