[quote=AN][quote=SD Realtor]That is kind of a bizarre statement. The homeowner is paying the rate specified on the note. Nothing more and nothing less regardless of how many times the note changes hands.[/quote]
Totally agree. That statement makes no sense at all. My loan changed hands once. Yet, my payment didn’t change one penny. So, I’m not sure how I can be paying more for the note, yet I’m not any extra penny for the note.[/quote]
My point is not that you will be paying more, but that you are not paying what would have been the lowest interest rate possible for your risk category. The difference is what the originating bank pocketed before hot-potato-ing the loan to someone else.