[quote=CA renter]In other words, if you could have borrowed from the last note holder, you would have been paying less in interest/fees.[/quote]
That’s the problem with your assumption. I can’t borrow directly from the party who’s currently holding my loan (Fannie May). I hope you’re aware of the difference between retail and wholesale. Borrower can’t get access to those money. We can only borrow at retail. I already stated that I looked into refi when my loan changed hands and would have to pay HIGHER rate than the rate I have.
