“Moving to a Higher Interest Rate?”
I thought you were crazy when you suggested I give up my 3.75% rate and move one percent higher and payoff all my debts. I might of understood the credit card debts, but the cars? The numbers don’t lie, even with the increase of the rate, we are saving almost $2000 a month. Your coaching was amazing, all the interest we are paying now is all deductible for tax purposes. Even more ridiculous the mortgage payment only went up $685.
Thank you for your recommendation, we’re meeting with the financial planner when we return from our vacation.
I know I’m not the first to say to you, I will let everyone know of the magic you can create for others. Thank you again my friend!
Gerry & Jodi.
It sounds counter intuitive to suggest someone refinance and go to a higher interest rate, but in some cases, it is the right decision.
I am a math guy. If the math makes sense to move to a higher interest rate to accomplish an overall benefit, then I will recommend it each and every time.
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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