Posted on August 24, 2011.
I have an offer from a credit card co With A Low interest rate, 2% Lower Than my home equity loan interest. I would love to get rid Of The horrible 8.75% home loan interest is $ 12,000. What to do?
Modesto Mankiewicz says...
How long is that credit card rate good for?Bet it is less than a year.What are you going to do at the end of that time?Trouble ahead!!!!!!!!!!
Why don't you look for a better home equity loan rate?In fact, you may be able to get the current lender to lower the rate with no cost.Contact them, tell them you are going to refinance the loan but want to give them the opportunity to keep your business at a lower rate.
I've done this twice before so it can happen.
Posted on August 27, 2011
