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Old 10-04-2012, 20:37   #8
jame
mange takk
 
Join Date: Apr 2002
Location: Central Iowa
Posts: 5,344
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.
Reducing debt and increasing assets beats the hell out of deductions.

Tell him to go to a credit union, and refinance for 2.87 @15/yr.

I just did.

Last edited by jame; 10-04-2012 at 20:38..
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