[NoiSeeVT]

dBlast,Jul 19 2007, 09:22 PM Wrote:I'm so happy!

I just renewed my mortgage at a rate of 5.41% for 5 years!

My bank callled me a few months ago to remind me that my mortgage term was coming to an end and that I could renew early and lock in a good rate.  I told them that it sounded like a good idea.

Well a few weeks ago a got one of those automatic renewal letters from the bank with various options showing the current rates.  My jaw dropped when I saw that the current rates are 7.24% for a 5 year and a whopping 9.15% for a 1 year!

The letter suggested that I come into the bank to work out a better rate.  If I did nothing they would renew automatically for those higher rates.

Well, I wasn't going to let that happen so I went in today to sign up for the better rate.

Only 9 years and 6 months left til I am mortgage free!  woo hoo!!

Then maybe, I will sell my Focus. :lol:
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If you dont mind me asking, which bank?
David