Please, I beg you, don’t do it! Don’t make the same mistake that someone near and dear to me made this past week. Here’s what they did:
They renegotiated their mortgage from 5.69% to 5.39% AND they paid a $13,000 penalty for doing this AND the penalty was added on to the end of their mortgage!
This is someone close to me, and it makes me sick, because:
- They didn’t call me for advice or help
- The bank screwed the BIG TIME! Current rates are around 3.5%
- The bank acted like they were doing them a favour
- They think they done did good!
Please, people, don’t do this! No charge, no obligation, I will be pleased to negotiate your mortgage for you. Don’t let these scumbags rip you off like this, making you think they are doing you a favour. Please. I implore you!
Really. No Charge. No Obligation. Complete Confidentiality.
In the case above, the bank did a favour by screwing them out of $158 a month in pure interest, every month, for 5 years. That’s $9,480 in interest, plus the $13,000 in fees that is added on to the end of the mortgage. $22,000+ and they think the bank did them a favour!
Twitted by chrisnewell
on May 10th, 2009
@ 5:43 pm:
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