Quote:
Originally Posted by bizaro86
As mentioned above, you can call back and negotiate, and you'll most likely get a better rate, and you can pay them off and take your business somewhere else. But if you "do nothing" I believe it will auto-renew, but not at the current terms, they'll pick one of the things they offered you and give you that.
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Ah ok, yeah I just wanted to know if there was a way to "force" them to keep the current terms (kind of how if you don't do anything with your cell phone contract it'll just keep going at the current terms).
We'll definitely try to negotiate. We're considering selling as well and they have 3.8% open which seems pretty good for an open mortgage.
Actually I was thinking of going 4 years (interest rates, next Presidential election etc), and their 2.99% 4 year is also pretty good.