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Old 07-27-2006, 09:37 AM
 
Location: Raleigh, NC
12,003 posts, read 28,245,329 times
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Since you bring that up, RedNC...interest rates ARE cyclical. Which means...they follow cycles. And my lenders always say...what goes up, must come down! Vicki
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Old 07-27-2006, 09:40 AM
 
1,735 posts, read 4,222,517 times
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Quote:
Originally Posted by VickiR
Since you bring that up, RedNC...interest rates ARE cyclical. Which means...they follow cycles. And my lenders always say...what goes up, must come down! Vicki
I guess I should have been clearer on my meaning. I just assumed (I know) the reason to refinance would be for a better rate.
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Old 07-27-2006, 09:52 AM
 
1,035 posts, read 2,650,005 times
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Let's just all hope they do not go to where they were (I think it was the 80's) to as high at 15-17 %
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Old 07-27-2006, 10:01 AM
 
Location: Charlotte,NC, US, North America, Earth, Alpha Quadrant,Milky Way Galaxy
3,769 posts, read 6,752,693 times
Reputation: 2109
Quote:
Originally Posted by VickiR
Reading that article this morning makes me want to scream from the rooftop...DO NOT USE A LENDER FROM THE INTERNET!

Besides, your agent should always check your GFE and if she sees anything on there that looks wrong...let her be the bad guy, call the lender and complain!

Once you find a great lender...stick with him!

Vicki
I would have to agree with Vicki. You can probably find a good lender on the internet (I never did). I found a lot that talked a great game in the beginning. Promises and the skies the limit. Only to have something throw a monkey wrench in it. I've also come across some REAL scum too. I mean predatory lenders. So once I found my Wells Fargo guy (and I know there's a few here that don't like Wells Fargo) I got to him all the time. Even if I may pay an extra .5 points. I'm a small business guy myself so I understand the value of finding good quality people and rewarding them so they continue to do what they do which is deliver quality services.
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Old 07-27-2006, 10:11 AM
 
1,126 posts, read 3,566,306 times
Reputation: 413
Quote:
Originally Posted by Miker2069
I would personally jump at that. I've got a 6.9% but I'm doing a no doc, "not primary residence" loan. I've been with my loan guy for a year now and so I throw him the biz, I don't even look anymore as he's been good for me....
PM me his information. Please.
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Old 07-27-2006, 10:40 AM
 
Location: Charlotte,NC, US, North America, Earth, Alpha Quadrant,Milky Way Galaxy
3,769 posts, read 6,752,693 times
Reputation: 2109
Quote:
Originally Posted by TornadoAlley
PM me his information. Please.
You should have the info.
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Old 07-27-2006, 03:51 PM
 
693 posts, read 2,545,394 times
Reputation: 317
Quote:
Originally Posted by Weis02
So you'll be staying NC??? I was just laughing as you just got there, not even in your home yet and you are off - but again who knows what will happen there in 10 yrs..
I don't know, I think in 2016 I'd be willing to change the scenery

RedNC, that's my thinking too. If I decide to stay in the same property after 10 years (I doubt though) I will have a chance to refinance for a better rate.
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Old 07-27-2006, 04:02 PM
 
1,868 posts, read 5,222,162 times
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Quote:
Originally Posted by VickiR
Since you bring that up, RedNC...interest rates ARE cyclical. Which means...they follow cycles. And my lenders always say...what goes up, must come down! Vicki
Including home prices....
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