Hey, mortgage salesmen/women - listen up!

[Writer]

:rant:

If someone comes to you to refinance their mortgage, and they have excellent credit and income, please keep in mind they're looking to refinance their mortgage - AND NOTHING MORE - got that?

Don't toss out creative financing with cute names like "PMI Buster," don't offer ridiculous interest-only mortgages with payments that will rise significantly after ten years, don't charge me three points upfront knowing that the $7,000 of extra principle I'll have to pay over 30 years will triple with interest - just give me your rates and terms. That's all. Nothing fancy.

I cannot believe how predatory they have been now versus when I first financed four years ago! Honestly I'm having an easier time with a traditional bank. What did they offer? A good 'ole 30-year fixed rate mortgage with a respectably low interest rate. Works just fine for me. :thumbsup:

:rant: