These emails I get from Countrywide, they would be funny if they weren't so pathetic...
XXXXX, exciting news — we're offering a Special Online Discount1 only to select customers.We've reviewed your account. Because you have kept your account current, made consistent payments during the past year, maintained a good loan-to-value ratio, and because your loan and property type meet our lending profile, we invite you to call 1-800-XXX-XXXX to see if you qualify to refinance.
Don't wait. Learn more about our wide variety of refinance programs — if you qualify, you may discover how a new refinance loan could:
* Allow you to save now with this Special Online Discount. * Reduce your monthly payments and interest rate for the life of the loan. * Give you access to extra cash from your available home equity to use however you wish. * Have a shorter term, saving up to thousands of dollars in interest payments over the life of the loan.
In theory, we could reduce the interest rate on the mortgage a bit, but perhaps a quarter percent at best. It's not worth it at this point to do this, and they know that. This is completely driven by their needs, not my mine.