Posted by John Behle on December 08, 1998 at 19:22:32:
Banks very rarely take any kind of a discount on a good loan, yet they will on bad loans. In this market, they just lose money when you pay them off anyway. If you pay them off on an 8.5% loan, they then have to place the money at today’s lower rates.
It isn’t likely they would even talk to you about a discount. If they were private loans, no problem, but banks don’t get very creative.