vvvexation: (Default)
vvvexation ([personal profile] vvvexation) wrote2005-07-30 04:47 pm
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The loan arranger

I'm being plagued by message after message suggesting that I consolidate my student loans--specifically, that I consolidate them NOW! in order to LOCK IN THIS SPECIAL LOW RATE! This sounds shady to me, but even the government website where I'm trying to conduct my mandatory exit interview is linking me to these folks. Are they less shady than I think? Would it actually be a good idea to do this? Would it really lower my interest rates?

[identity profile] ef2p.livejournal.com 2005-08-01 04:04 pm (UTC)(link)
When your deed is filed in the county office of records, it include information about any liens on the property. The lien info include the lender's name, the sales price of the house and frequently a bunch of other information.

If you ever refinance it changes the lien information and you'll get a whole new pile of offers.

The funny thing for me is half the time they advertize a low (varible) interest rate, that starts higher than my 10 year fixed rate home loan.