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To: Keith Feral who wrote (108156)	11/6/2001 10:35:17 PM
From: marginnayan	Read Replies (1) \| Respond to of 152472

How did you get a rate of 4.5 %. Is it variable rate mortgage or fixed rate one ? Thanks.

To: Keith Feral who wrote (108156)	11/6/2001 11:07:18 PM
From: Wyätt Gwyön	Respond to of 152472

The interest rate on my loan originated at 8.875 in February 2000. I refinanced with another bank this year at 6.5 %. I refinanced a second time with Chase - an interest only loan that varies with Libor OK, but my guess is your original 8 7/8% loan was fixed? my comments below assume it was fixed: now you have a variable loan, so though you have lowered your rate, it is a bit incorrect to say you lowered it by half--the reason is, though the rate is nominally 50% lower, you changed from a premium type loan (fixed) to a discount type (variable). the real comparison would be an apples to apples one--compare whatever the variable rate was in Feb 2000 with your current variable, or Feb 2000 fixed with today's fixed. but still, that's an amazing rate reduction in such a short time.