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Member
Posts: 17
Registered: ‎08-03-2012
0

Re: Looking for fixed rate BT deals.

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.

Valued Contributor
Posts: 1,597
Registered: ‎09-15-2012
0

Re: Looking for fixed rate BT deals.

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

Good luck with your search!

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