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It seems that banks are starting to realize that they need to do something to stop the Tsunami.
I spoke to one lady this weekend, she was able to re-negotiate with First Franklin to get her 5.5% interest fixed for 7 years.
She may be pulling my chain, not sure?
She did say she defaulted on 2 months payments first, maybe this motivated them.A guy I am working with talked with his lender today and they offered 6.375% full am for 2 years, which is better than his current 8.25% Interest Only.
Any suggestions on getting a better deal(longer term) for this guy.
Many Thanks
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