I got a call from #AssociatedBank with a sales pitch on refinancing our home loan. They were pushing a complete refinance with a new home assessment, title insurance, etc. All at a cost of about $1,600 up front.
After some discussion I pried out the information that for a bit more interest I could do a “no cost” refinance. So I agreed to do that. I don’t think that was the desired outcome of the sales call.
We currently have a variable rate that was locked in 10 years ago but now that the rates look like they might start inching upward I think it would be good to get a lower fixed rate locked in.
I expect it will mean a few weeks of paperwork hassle and I’m sure something will go wrong. It always seems to with us.
We also have a equity line of credit we haven’t used in years. She was pushing for us to use that too. Instead I closed the account. We don’t use it and it would have made the refinance more of a hassle. Again, not why they called. So instead of making more money off me they ended up with less. For once I appreciated a sales call to nudge me into doing something I should have done a few months ago when the Fed raised the rates.
MjL 18 Feb 2016, 6:32 a.m.
My bank called a while back to try and get me to do a debt consolidation loan. Man, was that guy disappointed to find out that I don’t have any debt besides the mortgage!
Noah L 18 Feb 2016, 8:35 a.m.
Hi Noah! Good to hear from you! I know what you mean. We have always tried to keep out of debt as much as possible. We do have car loans now but at a super low interest rate. Glad to know you aren’t in tons of debt either! Always knew you were smart!
MjL 18 Feb 2016, 8:37 a.m.
We have seen this devastation first hand in our travels to Yellowstone and parts west. It is heartbreaking to see all those dead forests.
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