[quote=sdrealtor][quote=scaredyclassic][quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]
Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]
Must be better. How could it be worse?
Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.
Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]
Many costs to do refi are fixed for lender. larger loan means more profit dollars to amortize those fixed costs over. thats why small loans are more expensive[/quote]
I get that. But I’m talking about the actual lender fee, total, for the loan from me. Like, it was a $400 total fee to borrow 500k, versus a $700 total fee to borrow 200k. same interest rate. Not sure where they’re getting extra money from for the higher loan. Maybe they can sell the bigger loan for more money? But that’s kind of crazy.
