the interest rates are going through the roof from 7.99% to 23% i can not understand how this is even legal. other then refinacing cuz that takes 3-4 thousand dollars in closing cost. i figure their isnt anything i can do but maybe .
2007-06-04 04:35:23 · 2 answers · asked by panda 6 in Politics & Government ➔ Law & Ethics
" THEY GOT "
2007-06-04 04:38:05 · update #1
If this is a home loan, refinance immediately! Yes it will cost a little in closing but it will save you $$$ in the long run.
2007-06-04 04:40:29 · answer #1 · answered by Combatcop 5 · 0⤊ 0⤋
It is very likely that there is absolutely nothing you can do. 23% interest is high, but isn't illegal per se. I suggest you read your loan agreement carefully. You probably agreed to the increase without even realizing it. I suggest you call the loan company and ask them about it.
2007-06-04 11:40:02 · answer #2 · answered by cyanne2ak 7 · 0⤊ 0⤋