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 nelsoncarolyn1946
Joined: 03 Sep 2009
Posts: 38
0.00 Dollars($)
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 Posted: Mon Sep 07, 2009 7:14 am Post subject: mortgage |
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| Why Is It Easier to Shop For a Refinance Mortgage Than For a Purchase Mortgage? |
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jonunderwood007
Joined: 03 Sep 2009
Posts: 38
-0.40 Dollars($)
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| Posted: Tue Sep 08, 2009 2:46 am Post subject: |
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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. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9791
Location: bloomfield, ct
42.59 Dollars($)
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| Posted: Tue Sep 08, 2009 8:31 am Post subject: |
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drivel
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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catharin9
Joined: 14 Jul 2009
Posts: 169
-0.07 Dollars($)
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| Posted: Sun Sep 20, 2009 7:53 am Post subject: |
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[System detected duplicate content, converted into image. Thanks.] |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9791
Location: bloomfield, ct
42.59 Dollars($)
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| Posted: Mon Sep 21, 2009 8:27 am Post subject: |
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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.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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