Quote:
Originally Posted by lewdog
Thanks. Makes sense. I figured it wasn't that easy.
Not that we can't pay the $4k needed to refinance, I just don't want to for a rate that's likely less than 1% different from our current rate.
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It is very difficult to modify a mortgage, generally speaking. People think it is unfair, but if rates go up, and the bank calls you to modify the rate upward, what would you say?