Quote:
Originally Posted by hulkrogan
You can currently get a 5 year 2.99% and a 10 year 3.89%. If you sign this, somewhere, some lending institution employee will be chuckling to themselves at all the money they just stole from you.
Why do you think they approached you? Because they are trying to help you out, from the goodness of their hearts?
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The issue is that he is already locked in for 3 more years. He can't get the 2.99 rate or the 10 year deal without paying about $6000 to break his current mortgage.