The aftermath of my mother's death has left me dealing with a small financial windfall, which led, by divers means, to talking to my bank about refinancing my home.
Now, this is something I really should do; I bought at the wrong point in time, my initial lender was Countrymark, which was snapped up by Bank of America who are, after all, BoA, with all the warmth and personal touch you might expect from a mega-megabank. The interest rate is terrible--
But I'm used to it. With homeowner's insurance and real-estate tax rolled in, my house payment is a predictable expense, and setting up a mortgage was stressful enough once. Still, shaving five years off my remaining payments for a 10% increase in home much I pay each month is certainly appealing.
My bank's home-loan guy is...too eager. Pushy, even. It gets my back up, and all the more when he exhorts, "Do it now! Lock in the rate! It's going up!" Yes, well-- It's been going up for awhile now, and it's still not close to the rate I'm paying. Plus, the appraisal process seems intrusive and time-consuming. So I don't think I'll be doing it just yet.
Banks used to be less annoying. Stuffy, sure. Stodgy. Snooty. But they'd by-golly take a hint and back down.
11 months ago