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Old 10-04-2012, 20:32   #7
gjk5
Pinche Gringo
 
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Join Date: Sep 2006
Location: Grand Junction Colorado
Posts: 9,607
Quote:
Originally Posted by jp3975 View Post
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.
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