Quote:
Originally Posted by SirMoby
You got that right. When I was shopping many lenders wouldn't even talk to me about fixed rate loans and the ones that would spent a lot of time pitching balloons and ARMs.
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Same thing here. My house was paid off but then I used a home equity line of credit to remodel and then got a small fixed rate loan to pay that off. Every place that I went was trying to give me an ARM for much more then I needed to pay off the home equity line of credit. I ended up with a 15 loan fixed at 4.5% for exactly what was needed to pay off the home equity line of credit. Then a few months later my bank gave me a new huge home equity line of credit that I have never used.