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It took a little longer than expected, but I finally refinanced the house. I closed on the new mortgage this afternoon and I'm a happy camper. I managed to almost half the interest rate, lock it in for the life off the loan, and there is no pre-payment penalty for this mortgage so if I should decide to sell the house and move sometime in the near future, I can do so with no penalties. Not a bad deal.
Amusingly enough, the new mortgage has already been bought out by....
... my current mortgage company. Yeah, make sense of that. They wouldn't work with me to get me a better deal before (this deal is a decent bit better than the best deal they'd offered me) , but they still go ahead and buy the new note with the terms that I'm happy with. Go figure. I almost wish they hadn't bought it out, but all things considered, I just wanted a better deal, I don't care who I'm paying for it and they do have a pretty well designed website with an easy to use online payment system so that's definitely a plus.
Amusingly enough, the new mortgage has already been bought out by....
... my current mortgage company. Yeah, make sense of that. They wouldn't work with me to get me a better deal before (this deal is a decent bit better than the best deal they'd offered me) , but they still go ahead and buy the new note with the terms that I'm happy with. Go figure. I almost wish they hadn't bought it out, but all things considered, I just wanted a better deal, I don't care who I'm paying for it and they do have a pretty well designed website with an easy to use online payment system so that's definitely a plus.