Home › Forums › Closed Forums › Buying and Selling RE › Cross Qualifying – Just Say No!
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CA renter.
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June 27, 2011 at 6:01 AM #707341June 27, 2011 at 4:14 PM #706206
ucodegen
Participant[quote=jpinpb]I admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.[/quote]
The fact that the loan has changed hands twice could indicate that you may be paying more on the loan than the real interest rate you qualified at. At every change of hands, someone takes a slice of the pie…June 27, 2011 at 4:14 PM #706303Participant[quote=jpinpb]I admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.[/quote]
The fact that the loan has changed hands twice could indicate that you may be paying more on the loan than the real interest rate you qualified at. At every change of hands, someone takes a slice of the pie…June 27, 2011 at 4:14 PM #706903Participant[quote=jpinpb]I admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.[/quote]
The fact that the loan has changed hands twice could indicate that you may be paying more on the loan than the real interest rate you qualified at. At every change of hands, someone takes a slice of the pie…June 27, 2011 at 4:14 PM #707052Participant[quote=jpinpb]I admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.[/quote]
The fact that the loan has changed hands twice could indicate that you may be paying more on the loan than the real interest rate you qualified at. At every change of hands, someone takes a slice of the pie…June 27, 2011 at 4:14 PM #707416Participant[quote=jpinpb]I admire your principle. I ended up caving and went w/their lender, but they paid for all the closing costs and then some. I think it just makes it easier for them to finally get rid of the place.
Since closing, my loan has changed hands twice already.[/quote]
The fact that the loan has changed hands twice could indicate that you may be paying more on the loan than the real interest rate you qualified at. At every change of hands, someone takes a slice of the pie…June 27, 2011 at 5:57 PM #706221SD Realtor
ParticipantThat 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.
June 27, 2011 at 5:57 PM #706318ParticipantThat 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.
June 27, 2011 at 5:57 PM #706918ParticipantThat 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.
June 27, 2011 at 5:57 PM #707067ParticipantThat 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.
June 27, 2011 at 5:57 PM #707431ParticipantThat 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.
June 27, 2011 at 8:04 PM #706226an
Participant[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.June 27, 2011 at 8:04 PM #706323Participant[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.June 27, 2011 at 8:04 PM #706923Participant[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.June 27, 2011 at 8:04 PM #707072Participant[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. -
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