Just a thought fellow tightwads, refinancing is not limited to mortgages, etc.
Since rates are low now, car loans, etc. can be refinanced to get the current lower rates. Credit unions are generally more receptive. I just talked to two local credit unions and lowered my interest rate from 5.5% to 4.5 %. Also, if you started with a 60 month loan and have paid on the loan for a year or so you can usually get an even lower rate by choosing a 36 month or 48 month loan. Not huge bucks but a dollar is a dollar!
Since rates are low now, car loans, etc. can be refinanced to get the current lower rates. Credit unions are generally more receptive. I just talked to two local credit unions and lowered my interest rate from 5.5% to 4.5 %. Also, if you started with a 60 month loan and have paid on the loan for a year or so you can usually get an even lower rate by choosing a 36 month or 48 month loan. Not huge bucks but a dollar is a dollar!
