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Since then I've bought 2 houses, and both mortgage companies I've worked with had that clause. Is it actually possible to find someone who won't? Or is it just
by Klathmon 9y ago
Since then I've bought 2 houses, and both mortgage companies I've worked with had that clause.
Is it actually possible to find someone who won't? Or is it just a false sense of choice like the ability to "choose an ISP that says they won't sell your information"?
- ensignavenger 9y agoSome small community banks maybe? Some banks keep at least a portion of their loans in house. In some cases they may still have that clause in case they decide to sell it later, even if they plan to keep it in house.
- dahdum 9y agoSome credit unions may keep the mortgage in-house, but afaik it's mostly private banks working with HNWIs that will do so 100%. Those mortgages are often very large or non-standard (like 100% financing interest only or a combo mortgage/heloc).
- matwood 9y agoIt is possible. Smaller banks and CUs will often keep mortgages. Suntrust for example, tends to keep their mortgages.