FIRST, I LOVE, I MEAN LOVE MMM!
He is my hero!!!!
Alright, I have a 30 year mortgage with 22 years left on it (been paying it off early). It is 5.8 percent.
Having discovered that my loan is backed by Freddie Mac (I had no idea), I find that I can do HARP.
I contacted my current bank and a loan officer on the other side of the country said he would refinance a 15 year mort for 3.75 percent. It would only cost 100 more a month. SWEET!
But I am going to do some checking around with other more local people that I have already worked with.
The guy on the phone is from out of state, the closing would happen electronically and all on the internet. I'd pay 300 right then and there over the phone and then closing costs in 90 days (that is how long they are backed up to do a closing, even via the internet closing).
He was kind of distant sounding, not caring, and really pressuring. I did not like that.
When I got around to saying I wanted time to think about it, he became really short and wanting to get off the phone at that point. HEY! I only spent like 5 minutes with him total.
I am really seduced by 3 something percent and even with the 15 year, I'll still be able to pay more on it and have it done in like 10 years? 5 years?
yeah!!!!!!!!!!!!
Any advice on this journey?