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wnc817
Posts: 17
Registered: ‎08-03-2012

Re: Looking for fixed rate BT deals.

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‎09-30-2012 06:31 AM

I should have been more specific. Unfortunately, the home was purchased during the "bubble", so the ltv is too high to qualify for traditional financing. The only financing available is a refi through the current lender, which is in process. They are unable to include the second, even under the program, because of the ltv. And, although there is a tax deduction for mortgage interest, the savings from switching to 5% fixed are higher.

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Established Contributor
SnackTrader
Posts: 959
Registered: ‎09-15-2012

Re: Looking for fixed rate BT deals.

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‎09-30-2012 06:40 AM

Ok, that's unfortunate. It takes away a lot of "traditional" options.

Good luck with your search!
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