▲ 353 ▼ A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up (www.nytimes.com) submitted 2 years ago by GiddyGap@lemm.ee to c/news@lemmy.world 145 comments fedilink hide all child comments
[–] Today@lemmy.world 1 point 2 years ago (1 child) Wow! I did not know that! You essentially refinance your home every 5 years? How does that work? With new closing costs and everything? permalink fedilink source parent hideshow 2 child comments replies: [–] ghost_towels@sh.itjust.works 3 points 2 years ago* (1 child) Not who you were talking to, but no, the closing costs are one time only. You basically just renew or get a new mortgage somewhere else. Ours is coming up in October, we’re a bit worried but hopeful it won’t be too bad. We’ve got wiggle room as we got a great deal on our house but it’s still going to suck. I have seen a 10 year fixed, might go for that if we can get a good enough rate. permalink fedilink source parent hideshow 2 child comments replies: [–] RememberTheApollo_@lemmy.world 1 point 2 years ago What a scam. Forcing you into new higher interest rates. permalink fedilink source parent
[–] ghost_towels@sh.itjust.works 3 points 2 years ago* (1 child) Not who you were talking to, but no, the closing costs are one time only. You basically just renew or get a new mortgage somewhere else. Ours is coming up in October, we’re a bit worried but hopeful it won’t be too bad. We’ve got wiggle room as we got a great deal on our house but it’s still going to suck. I have seen a 10 year fixed, might go for that if we can get a good enough rate. permalink fedilink source parent hideshow 2 child comments replies: [–] RememberTheApollo_@lemmy.world 1 point 2 years ago What a scam. Forcing you into new higher interest rates. permalink fedilink source parent
[–] RememberTheApollo_@lemmy.world 1 point 2 years ago What a scam. Forcing you into new higher interest rates. permalink fedilink source parent