Outrageously Funny Word Dictionary :: Rates for mortgage refinance

👉 Okay, let’s tackle this frankly rather beige and occasionally terrifying beast of a financial manoeuvre affectionately dubbed, here at our admittedly somewhat sarcastic dispatch, as

"Rates for Mortgage Refinance."

Now, you might already instinctively picture a really polite middle-market dude in khakis slowly pushing you a prospectus. And honestly? You wouldn't be terribly far off! Basically, when we say rates for mortgage refinance, we mean the price you pay – the pretty little percentage nibble deducted from your monthly income – to essentially trick your existing mortgage into coughing up a new, shinier, slightly more depressing loan amount. Think of your current mortgage as an awfully stubborn mule that just won’t budge on the path towards financial freedom. You want a bigger, fancier, maybe even marginally less beige mule (the refinance money). To convince this mule to heave itself along the road again and give you a new deal, you gotta pay… rates! These rates are based entirely on what the guys in fancy suits in their comfy offices deem is "marketable risk." They look at your financial past – basically a very depressing catalogue of late payments and maybe a regrettable stint as a hot sauce salesman—and decide how much that stuff probably means they need to add extra interest just... you know... for, like, the uncertainty . The rates themselves fluctuate wildly, based on whatever fevered fancy the bond markets are having that week. You've got