I don't understand banks. Our mortgage was about to expire and we knew we had to renew soon. A quick phone call to our current mortgagSo I guess my question is - why do they bother posting rates if they aren't even the rates they use?
This is an exhibition - not a competition. Please...no wagering.
Wednesday, January 23, 2008
I don't get it
I don't understand banks. Our mortgage was about to expire and we knew we had to renew soon. A quick phone call to our current mortgagSo I guess my question is - why do they bother posting rates if they aren't even the rates they use?
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Re: "Is that a word?" Yes, it is... but -you- are the mortagor, not your bank. The lender is called mortgagee.
I'll see stuff go through with rates all over the place, 2% spread between two deals the same day, I agree with you it's hard to know why they even bother posting rates, and how they decide which rate to give you.
While I'm here... Congratulations Grand-Papa!
Charles
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