1) Lower payments
2) Extra money for home improvements
3) If you have concern about raising interest rates
It seems as is every six to eight weeks we get contacted by our lender, thanking us for our business. They proceed to tell me how they have been reviewing our account and we are eligible for a line of credit. They would like to connect me with a mortgage banker so they can review my options. I am all to happy to share with them that we are not interested in reviewing our options. Then they ask me if we need to make home improvements or consolidate credit cards. Once again, I all too eager to say we do not need those items and I appreciate their call. Then you get the standard if you have any questions or need to contact us, call us at 1-800-blah blah.
