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nelsoncarolyn1946 · Joined: 03 Sep 2009 Posts: 38 0.00 Dollars($)

Why Is It Easier to Shop For a Refinance Mortgage Than For a Purchase Mortgage?

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

hi nelson,

Shopping For a Purchase Mortgage

Borrowers purchasing a house are faced with a closing date on which they must provide funding to complete the purchase. This means that at some point in the process there is not enough time for the purchaser to back out of a deal and start anew with another loan provider. Once past that point, they are at the mercy of the loan provider

Shopping For a Refinance Mortgage:

In contrast, the refinancing borrower who feels badly treated by a loan provider can opt out of the deal at any point and start again with another loan provider. Most borrowers can refinance anytime.

gmakerley · Posted: Tue Sep 08, 2009 8:31 am Post subject:

drivel

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

[System detected duplicate content, converted into image. Thanks.]

gmakerley · Posted: Mon Sep 21, 2009 8:27 am Post subject:

i think "no-brainer" is a very good description of some of the answers these nonsensical questions generate.

catharin, your line that states: "how quickly you recoup the cost depends partially on how long you are going to keep the mortgage" is a non-sequitir to the nth degree.

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