From: John P
I had earlier fixed a large part of one of my loans with Wizard. (This was early last year when rates had gone up about 4 times in about a month and a half.(or was it the year before??)..... Anyway my question is, with rates as they are and the likelihood of another rate drop, I'm considering paying out the breakcost. I have'nt done the maths yet so I still don't know if it's that cost effective but here's a thought that I am entertaining and I would like your thoughts on it.
Given the level of competition between the lenders, do you think that another lender would be prepared to absorb the breakcost (Approx $10,000) if I were to re-finance with them?? ....or at least part of it???
Has anyone heard of this happening before??
I know it's far fetched, but having said that there have been similar instances in the past where I ended up asking anyway and was pleasantly surprised. Maybe there is another option?? I would love to hear your thoughts on this.
Thanx John
I had earlier fixed a large part of one of my loans with Wizard. (This was early last year when rates had gone up about 4 times in about a month and a half.(or was it the year before??)..... Anyway my question is, with rates as they are and the likelihood of another rate drop, I'm considering paying out the breakcost. I have'nt done the maths yet so I still don't know if it's that cost effective but here's a thought that I am entertaining and I would like your thoughts on it.
Given the level of competition between the lenders, do you think that another lender would be prepared to absorb the breakcost (Approx $10,000) if I were to re-finance with them?? ....or at least part of it???
Has anyone heard of this happening before??
I know it's far fetched, but having said that there have been similar instances in the past where I ended up asking anyway and was pleasantly surprised. Maybe there is another option?? I would love to hear your thoughts on this.
Thanx John
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