You May Be Able to Lower Your Mortgage Payment

I was a customer of Countrywide and I’m now a new customer of Bank of America thanks to the take over. If you fall into a similar mortgage switch situation it’s best to see if you have the best mortgage for your current needs. We all should be doing a quick home loan checkup from time to time.

I have been receiving a letter from Bank of America since the switch saying “You may be able to lower your interest rate and monthly payment”. Turns out, I have the best rate at the moment. However, you may not. It’s only a phone call away to check and see.

During this call they will also help you determine if you have available home equity that you can access. If it turns out that you have the best the call is worth it for the knowledge.

If they do have a better rate to lower your mortgage payment it is done by refinancing. So, educate yourself on refinancing before you agree to any.

Tweet This Post  Buzz This Post  Delicious This Post  Digg This Post  Stumble This Post 

Other Resources

• Online Budgeting Tools
• How To Transfer A Credit Card Balance
• Prepaid Credit Cards Information
• Credit Card Debt 101 – Clean My Credit Help