“Refinancing, Not in My Best Interest”
Good morning Joe,
I thought you were in the mortgage business? I fully expected get a new mortgage application done yesterday, but that wasn’t the case. I watched with anticipation as you were making you magic, but was surprised when you told me that refinancing was not in my best interest.
I not sure if I was shocked or relieved, but you took the time to explain what the cost would be and the amount of the monthly savings. I guess it also told me what a great rate you got me 4 years ago when I originally purchased.
I was blown away by your statement, refinancing would be good for you, but not me. OK, I get it. I am going to send you a testimonial, because not refinancing was in my best interest. As always, thank you for looking out for me and all those you serve.
I have never really figured out what percentage of folks I recommend not to refinance, but if I had to guess, it would be between 10-15%. Look, I’m a math guy and the math has to make sense!