[quote=ucodegen]
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.[/quote]
How can you say I’m not paying what would have been the lowest rate possible if that’s exactly what I did at the time that I close the loan? When the loan changed hands, if I refi around similar time, I would be paying more than what I originally got my loan for. So, I still don’t understand your logic. I don’t see how just because the original bank can sell my loan to another bank mean I’m paying more than the lowest interest rate possible for my risk category. Maybe I’m missing something but I don’t see the connection (at least in the eyes/shoes of a borrower).
