Home Savings vs. Mortgages
in Banking, Insurance & Loans ·
Jacob Miller2 said:It feels like we aren't exactly dealing with facts here. I’m looking at that one post where someone claims they pulled a $100,000 loan at a fixed 4.5% rate without any collateral, a co-signer, or anything else. I mean, if that's actually true, fine—but I'd love to see where and how that happened. It seems more likely to be a bit of an exaggeration.
To give some context, I have two different savings accounts over at Chase. One of my wife's accounts at another bank is set to expire in about a month, and the terms are almost identical. So, I suspect these claims might not hold much water.
Maybe I'm off base here... but I don't think so. There might be a 1% or 2% difference somewhere, but certainly nothing as drastic as what's being described.
The only thing I've noticed is how certain facts seem to really rattle people. I'll state something that is objectively true, and for some reason I can't quite wrap my head around, people just start getting upset. I honestly don't get why.🙂
Regular folks like us probably can't even get those kinds of loans anymore.
I'd love to grab a loan with a fixed interest rate.
Is anyone else seeing that?
If there's a financial advisor out there willing to work for a fee, let me know. I need help setting up a fixed-rate loan so I can pay off my variable one. I don't want to deal with the nonsense people are talking about. If the Dollar takes a dive... then... yeah, I'm screwed.😉