4 ms·
Yes it would be a favor, assuming there is enough demand that the bank can then use the money from the 2% mortgage to issue a 7% mortgage or another >2% mortgag
by D13Fd 3y ago
Yes it would be a favor, assuming there is enough demand that the bank can then use the money from the 2% mortgage to issue a 7% mortgage or another >2% mortgage. Otherwise probably no.
- bryanlarsen 3y agoThey don't have to put it into a 7% mortgage, they can put it into a 4.6% 30 year t-bill, or something in between.