Originally Posted by jp3975
I think he is with the credit union. He saw an add for a lower rate on tv...quicken loans and asked me to look into whats the lowest rate he can get.
I think he said he has 4.5% right now on a 30 year note. He doesnt want a 15...said something about deducting the interest off of his taxes.
He lives in Arkansas if it makes any difference.
Ive always rented so i dont know much about this stuff.
Do not go with Quicken. They are idiots, minimum wage monkeys in a telemarketing cage.
How much does he owe on the home? If it is less than $100K (maybe even $150K) don't touch it.