I received a call from a past client this morning, interested in refinancing his home. With 5% equity I didn't think we'd have much of a chance at getting a good rate. Boy was I wrong!
Home value: $285,000
Loan amount: $270,750
RATE: 4.625%/ APR: 5.382%
30 Year Fixed Rate Loan
Paying 1 Discount Point
Rates as of 12/12/08 and subject to change yadda yadda yadda.
4.625%. Need I say more? My phone should be ringing right... about... now...
Friday, December 12, 2008
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