Quote:
Originally Posted by hulkrogan
a 2 year for 3.9% or less?
Yes, I absolutely think that same offer will be there. Unless they are actually adding 5 years on, making this 8 more years at 3.9%. I'd still take that bet.
I don't think there are many ways you could financially handle this worse than signing a 5 year extension at 3.9%. I can't predict rates, so we'll have to wait 3 years and see, but give me a time in history, and I'll show you that this would have been a bad choice, every time.
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This is what he said "I am two years into a 5 year fixed at 3.9%. My lender has offered to renew for another 5 years at the same rate of 3.9%. No fees or anything. "
I'm sure you'll pay RubberDuck's mortage if rates get jacked eh?
I honestly don't think arguing about half a percent is being "bent over" for the piece of mind a locked in low rate brings.
Your right you can't predict rates, and I would never ask your advice
Why don't you ask the people who had mortages in the 80's "every time"