3 ms·
You definitely can do that, if you want to. Refinancing a loan is not especially complicated.
by JshWright 5y ago
You definitely can do that, if you want to. Refinancing a loan is not especially complicated.
- voakbasda 5y agoAnd pay all those expenses to have the note bought up by one of the same large banks? Selling debt is a very common practice.
- JshWright 5y agoPersonally, I use a local credit union that doesn't sell their loans (there are several CU's and regional banks in my area that make that commitment).
- passivate 5y agoFrom what I've seen CUs are not competitive with the big banks for jumbo loans. I got a significantly worse interest rate on my home loan with the CUs compared to BOFA (who I ended up going with).