Quote:
Originally Posted by blankall
I know people who will spend months agonizing about the price of a car or home and negotiating, but then just accept the first bank rate they get. It's pretty baffling. They'll put all this effort into saving $5-10k on the property, but then lose out on entire interest points, costing themselves far more.
Never had a mistake that saved me 1%, but was always able to negotiate great rates, with a very similar process to what you describe. That is typically why I push for 5 years though. I've always managed to either get a great fixed rate or a variable rate that was prime minus a significant amount. I really didn't see the benefit to 4 years in those scenarios.
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It made the irritation of watching him try to operate the computer for an hour bearable.