Adjustable Back
in a modification of an adjustable rate can the bank change the adjustable rate to fixed without refinancing?
we have asked for a modification of our mortgage, we are in an adjustable rate @ 7.25 the bank came back with 3.25 with a fixed until 2012 can it be changed to the life of the loan?
They could if they wanted to.
They are loosing money though, they aren’t going to go for that.
Maybe 5.25 for life.
F1 2011 DRS Drag Reduction System (Adjustable Rear Wing) Sauber C30 Testing (Moving Rear Wing)
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