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Old 04-12-2009, 01:16 PM
 
164 posts, read 652,512 times
Reputation: 88

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MisterNY, what to you mean by that answer.?
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Old 04-12-2009, 07:34 PM
 
910 posts, read 2,330,266 times
Reputation: 607
Quote:
Originally Posted by cocoed View Post
I had an adjustable mtg coming due, 4&1/2% & called to see what fixed rate I could get. The guy said 7% for 30yrs fixed, this was a couple of months ago. I said no too high wanted to look around. He said being that I was a customer of theres for so many years I can get what is called a conversion option & when the rates fell I just call & get the lower rate with no costs involved. I remembered doing that years ago so said ok. Now the rates have fallen so I called to change it & was informed there is no conversion option, I'm stuck. I feel like a fool, I was just getting over a long illness & never read the fine print on the papers. I wrote to the CEO of Bank of America & he ignored the letter. I never thought I would get a con-man by calling the bank but I did!
So what fixed rate were you locked in at, or did you lock in at all? Or, are you still on an adjustable?
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Old 04-12-2009, 08:09 PM
 
3,225 posts, read 8,570,229 times
Reputation: 903
Quote:
Originally Posted by MINNIEMEME View Post
MisterNY, what to you mean by that answer.?
minnie, it's an acronym which stands for "rolling on the floor laughing my...(posterior)... off.
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Old 04-12-2009, 09:52 PM
 
Location: Atlanta,GA
2,685 posts, read 6,421,140 times
Reputation: 1232
Quote:
Originally Posted by Moderate Guy View Post
minnie, it's an acronym which stands for "rolling on the floor laughing my...(posterior)... off.

Thanks Moderate Guy.
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