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Jimmy Buffett

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I got an email from my lender today saying that they can lower my locked in rate from 5.25% to 4.5%. Costs me $350 and sign my name a few times. How's that for service!
 

bigleo48

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Sound too good to be true...I'd be looking for a catch.
 

Jimmy Buffett

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Same loan, different rate. This is the second time we've done it. 75 basis points drop each time.
 

washnvac

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Is your lender a local or a national? I have never heard of rates like that for a commercial car wash that is fixed. I'll give you a $350 finders fee if you can get me hooked up at 4.50% on $2.5M for two washes.

I am at 6.5% fixed for 5 years with on time payment history for the past 16 years.
 

Waxman

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All I did was call my banker and they lowered my rate (no cost at all) from 6.5% fixed to 5.95% fixed. Not a big reduction, but no cost and is a fixed rate. 4.5% would be nice, though.
 

Jimmy Buffett

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Farm Credit is my lender. I think you have to have some farm income to use them but I'm not sure.
 
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