I am looking into refi our home mortgage and used this site to get some offers. I am corresponding with a few, most are from banks which i have never heard of. With all the uncertainty in the economy especially with banks how do u know that u r refiing with a bank that is stable?? And if something were to happen to the bank what would u have to do then?
Sorry if this is a silly question but i am not used to the financial structures in the USA.
Thanks for your help.