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- Mar 13, 2013
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Very random question:
I have a very low rate mortgage (just under 3%). I don't pay it off because I'd rather invest the money and get a higher return. But that got me thinking: the mortgage company would love for me to pay the mortgage off so they could loan the money out at the much higher current rate.
So here's the question: is it possible to negotiate a reduced price to pay off my mortgage fully given this scenario?
I have a very low rate mortgage (just under 3%). I don't pay it off because I'd rather invest the money and get a higher return. But that got me thinking: the mortgage company would love for me to pay the mortgage off so they could loan the money out at the much higher current rate.
So here's the question: is it possible to negotiate a reduced price to pay off my mortgage fully given this scenario?
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