My Friend Is Happy With Remortgage By Getting Out Of An ARM
Three years ago I bought my first house. It was your basic three bedroom two bath house. I put quite a bit of money down.
So I thought everything would be okay, and it mostly was okay. The problem I did have was that my home loan is an adjustable and it was about to adjust to 10.45%.
I definitely had to remortgage immediately. I had decent credit and I’ve been on my job forever.
When I went to my bank they were more than happy to take a look and to my surprise they said they could get immediate approval.
My best friend got divorced last year after several years of marriage. He was stuck with the house,not really a bad thing in my mind.
The problem was that he was stuck with a mortgage loan that carried a high interest rate and his wife was still on the loan and the title.
He wanted both only in his name. I suggested to him a remortgage. He makes good money, he is a police sergeant, and he has decent credit.
I told him a friend of mine works for a mortgage company and would be happy to assist him. He agreed to speak with my friend.
