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The Water Cooler
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The Joy of Home Ownership
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<blockquote data-quote="retrieverman" data-source="post: 3831808" data-attributes="member: 24452"><p>My mortgage has never been sold, but I let the bank talk me into a 5 year fixed rate with a refinance after that. My rate is really good, and with current rates going up fast right now, I’m throwing all the money I can at the loan to pay it off in the next year and a half before refinance time. Since I borrowed the money through my bank here in TX, they made me use my place here as collateral (which was paid for), so paying off that loan will actually free up both my places.</p></blockquote><p></p>
[QUOTE="retrieverman, post: 3831808, member: 24452"] My mortgage has never been sold, but I let the bank talk me into a 5 year fixed rate with a refinance after that. My rate is really good, and with current rates going up fast right now, I’m throwing all the money I can at the loan to pay it off in the next year and a half before refinance time. Since I borrowed the money through my bank here in TX, they made me use my place here as collateral (which was paid for), so paying off that loan will actually free up both my places. [/QUOTE]
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