The Economy and No Doc Loans

SIKSUKR · 04-12-2010, 10:25 AM

Just refinanced for 4 5/8 15 year fixed. Apparently I didn't borrow enough money because the rate would have been 4 3/8 if I borrowed 70,000 more. Huh? I don't want to borrow more!

secondcurve · 04-12-2010, 06:53 PM

Quote:

Originally Posted by SIKSUKR

Just refinanced for 4 5/8 15 year fixed. Apparently I didn't borrow enough money because the rate would have been 4 3/8 if I borrowed 70,000 more. Huh? I don't want to borrow more!

It's called a volume discount and happens in virtually all businesses!

04-12-2010, 10:25 AM	#1
SIKSUKR Senior Member Join Date: Apr 2004 Posts: 5,075 Thanks: 215 Thanked 903 Times in 509 Posts	Just refinanced for 4 5/8 15 year fixed. Apparently I didn't borrow enough money because the rate would have been 4 3/8 if I borrowed 70,000 more. Huh? I don't want to borrow more! __________________ SIKSUKR