Anyone in here work at a bank? - SRT Forums

slomoe · 03-24-2009, 09:17 PM

I got a refi question. Is it worth my while to call my lender and try to get a lower rate? With home values dropping like I would if i were to run a half mile, there is no way in hell an appraisal would let me refi the traditional way. The way I see it, why wouldn't my lender reduce my rate? They are already stuck with my loan.. As bad as its getting, it is almost looking like I'd be better off mailing them the keys

Trev_Masta · 03-24-2009, 09:24 PM

nick (4banginturbo) works for wamu/chase.

i'm sure he'll chime in tomorow.

-trev

jdbeier38 · 03-24-2009, 09:30 PM

Quote: Originally Posted by Trev_Masta

nick (4banginturbo) works for wamu/chase.

i'm sure he'll chime in tomorow.

-trev

Does he know any insider info?

Trev_Masta · 03-24-2009, 09:41 PM

he might....but he's a bitch so i doubt he'd help us out.

-trev

jdbeier38 · 03-24-2009, 09:44 PM

Quote: Originally Posted by Trev_Masta

he might....but he's a bitch so i doubt he'd help us out.

-trev

He wouldn't hook a brother up with corporate information? Don't they like give him so much in common stock or something for being an employee? or the option to own common stock?

I will drive to TX and beat the info out of him ... then give him 10% profits

sphipps · 03-25-2009, 04:44 AM

Getting financial advise from a bunch of strangers on a car forum.

Yup....you're stupid.

SNOOPALOOP · 03-25-2009, 04:53 AM

Ding Ding Ding

slomoe · 03-25-2009, 05:16 AM

Quote: Originally Posted by sphipps

Getting financial advise from a bunch of strangers on a car forum.

Yup....you're stupid.

Stfu!! There's people on here from all walks of life, someone might have some good advice.

sphipps · 03-25-2009, 05:19 AM

Quote: Originally Posted by slomoe

Stfu!! There's people on here from all walks of life, someone might have some good advice.

Trusting people you have never met giving you finanical advice....once again, you're stupid.

I wouldn't trust ANYONE on these forums to give any form of good advice. Hell I wouldn't ask them what wax to use on my car but hey, it's your financial future not mine.

slomoe · 03-25-2009, 05:44 AM

I'd agree with that if I were asking a more important question. Asking whether or not its worth my time trying to haggle with my lender isn't exactly life altering

jdbeier38 · 03-25-2009, 06:50 AM

Quote: Originally Posted by slomoe

I'd agree with that if I were asking a more important question. Asking whether or not its worth my time trying to haggle with my lender isn't exactly life altering

Could be.

slomoe · 03-25-2009, 06:56 AM

How so?? All they can say is no. I'm pretty sure there isn't a spot on my credit report for asking stupid questions.

Duncan64 · 03-25-2009, 07:08 AM

i have a financial advisor and i am in the same boat. We have a 30 year fixed mortgage at 6.2% and i'm seeing 4.5% fixed rates floating around commercials so i wanted to ask him if i could take advantage of it as well. Problem is that i only bought the house 1.5 years ago and you have to at least pay 10K down on the mortgage or else the re-financing cost wouldn't even be covered. But he did say there are new programs coming out soon that we may be able to take advantage of so we'll keep in touch.

jdbeier38 · 03-25-2009, 07:09 AM

Quote: Originally Posted by slomoe

How so?? All they can say is no. I'm pretty sure there isn't a spot on my credit report for asking stupid questions.

"Yeeaahhhhh ... about that ... we actually forgot to send you out a letter ... we raised your rate substantially ... "

slomoe · 03-25-2009, 08:30 AM

Quote: Originally Posted by jdbeier38

"Yeeaahhhhh ... about that ... we actually forgot to send you out a letter ... we raised your rate substantially ... "

Lulz.. Nah I have a fixed rate. Its hard to stomach having 6.5% when shits going into the 4's and not being able to refi on a house that I've put a lot of work and money into just because all the other idiots fucked shit up for responsible people.