Logged into my DCU account to find that my Loan offers were updated with several preapprovals, including Auto Refinance. The rate offered is 3.99% up to $50k. I currently have a loan for 5.99% with $16.7k balance. Does anyone know if I accept, if it will stay a soft pull or will they have to do a hard pull? I will probably do it anyway but I’m curious how it works with their pre-approvals. I took their CC CLI offer and it was instant.
I agree! I’ve already run some numbers and I’d like to shorten it down to 48 months (currently have 52 months left). If so, my monthly payments will be similar. Or I can make a principal only payment first and then have a lower payment and save about $1k in total interest (from what I’m paying now). Also, hoping that I can shave another 0.25% by changing my direct deposit over to them (which I was going to do anyway). I’ll be calling them after the holiday to see what my options are. I can afford my current payments, and in fact, I’ve been paying more. I just want to save on interest. I’ve already paid enough.