Everything You Need to Know About Mortgages
Money Guy Show
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Do You Offer a Rate Modification Process?
You call your current mortgage lender, the person who currently holds your mortgage. He i know that interest rates are dropping. I could go re finance and you could this loan, and i'm happy to pay some one else for the next 30 years. But whold, you consider just modifying my rate and dropping it to be more in line with market? You'll call em up, reach out, and they will have a fee. There's not a new closing. The average cost of closing is like five thousand dollars. These things, at least in our experience, a couple of hundred bucks.
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