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Friday, September 21, 2018

Need Help Refinancing Your House?

by Chance Gates (writer), Reno, March 11, 2009

Credit:

There is another way to get the banks to lower your interest rate to help you afford the payments.

A person I know has been trying to refinance his house for over 14 months.  He needed a lower monthly payment in order not to lose his house.  His bank was not cooperating with him so he contacted his senator.  Once his senator’s office contacted the bank and identified themselves they were transferred to the president of the company.  In efforts to shorten a longs story, the interest was reduced for to 4% for 5 years and the principle was reduced by $50,000.  The most incredible part is this all happened in less than 2 weeks.  Once again please understand, I cut a lot of things he did in order to keep this article short.



About the Writer

Chance Gates is a writer for BrooWaha. For more information, visit the writer's website.
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