Anyone refinancing their home? This will tick you off.

[Axxe55]

Get an amortization schedule on your loan from lender. You are pretty far along and have paid most of the interest I'm sure, but it will let you know how much interest is still left. Compare that to a 15 year loan at current rate and see what comes out better.

One of the other problems we have run into with our mortgage company, the one we are with, is the sixth one since 2004. They keep selling the mortgages to a different lender every few years. The most recent one just assumed our mortgage about four or five months ago.

 

[smittyb]

Sent you a pm

Yeah, how?

 

[Sam Colt]

Yet the problem is unique to the US and Denmark. Pretty much everywhere else in the world mortgage terms are capped at five years. The unacceptable risk comes in when you loan for longer than that when rates are this low.

 

[Hoji]

Inform everyone you know. At te bottom of the article in the comments section is a phone number to the person in charge if the FHFA. Guarantee she'll be getting an earful from me.
Now I have to wait for said lender t o send me a schedule of fees and costs so I can see if a refi makes sense anymore. The jackal is actually trying to tell me to hurry and let him know to proceed or not.

Tell him to go suck a bag of dicks and die of AIDS.