Mortgage Blog

Are the rate 4.5% and rate 4.5% the same?

October 15th, 2013 10:42 AM by Eric Fang

Sometimes, they are; other times, they are not.
To some people they are; to others, they are not.

I had one borrower asked me to check the rates for
her for about 2-3 months, and she tried to refi
with a higher rate, and I assured her to wait a little bit.
And then two weeks ago, I told her that it's the time
to lock 4.5% rate for impound account with her
loan amount.  And then about 2 hours later, she told me
that her previous loan broker provided her the same
rate and she wanted to go with the other broker.

It might be the same rate to her, but actually
it is not. I let her know that this is the "right"
rate to do the refinance. And when the rate
was higher, I asked her to wait. And it proved
to be a wise decision. There was knowledge and
experience for my rate of 4.5%. I offered a little
bit "advice".

It is the same for the other activities. My friend
qualified Marathon for her 3:40 run. But if I finished
the marathon for the same minutes, I could only qualify
if I were 55 years old(or 60 years old). So even
we run the same speed, the result might be different.
And she is a female and about 50 lbs light; it seems
like very easy for her, but difficult for me. I am
already satisfied by my achievement.

For my marathon training, there are only 5 long runs
left, my friend recovered from his stomach flu;
And my blister from the weekend 18 mile run is
a non issue for me. The next thing we wil try
to practice how to run in the early cold mornings.

Posted in:General
Posted by Eric Fang on October 15th, 2013 10:42 AM



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