Home › Forums › Financial Markets/Economics › Refinance-it takes forever…
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davelj.
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February 10, 2010 at 3:00 PM #17023February 10, 2010 at 3:19 PM #511779
Nor-LA-SD-guy
ParticipantWhy lend money to you at 5% and assume risk when they can borrow from uncle Sam and lend it back to him at a higher rate (no risk or messy house involved).
I mean would you ???
February 10, 2010 at 3:19 PM #512684ParticipantWhy lend money to you at 5% and assume risk when they can borrow from uncle Sam and lend it back to him at a higher rate (no risk or messy house involved).
I mean would you ???
February 10, 2010 at 3:19 PM #512434ParticipantWhy lend money to you at 5% and assume risk when they can borrow from uncle Sam and lend it back to him at a higher rate (no risk or messy house involved).
I mean would you ???
February 10, 2010 at 3:19 PM #512340ParticipantWhy lend money to you at 5% and assume risk when they can borrow from uncle Sam and lend it back to him at a higher rate (no risk or messy house involved).
I mean would you ???
February 10, 2010 at 3:19 PM #511925ParticipantWhy lend money to you at 5% and assume risk when they can borrow from uncle Sam and lend it back to him at a higher rate (no risk or messy house involved).
I mean would you ???
February 10, 2010 at 3:23 PM #511784(former)FormerSanDiegan
ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
February 10, 2010 at 3:23 PM #512689ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
February 10, 2010 at 3:23 PM #511930ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
February 10, 2010 at 3:23 PM #512439ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
February 10, 2010 at 3:23 PM #512345ParticipantNo.
I applied to refinance my rental property in October 2009 and closed within a month of applying.
Either your lender does not want to close the loan, or you have a mortgage broker who is playing games. Are you using a broker ?
If you applied with your current lender and the new loan has a lower rate than your current one, why would they be motivated to close ?
February 10, 2010 at 3:37 PM #512704ParticipantFrom the little experience I have had attempting to get a loan recently, If you are applying for a 30 year rate around or below the 5% mark, they are not too enthused about it, (They could be having to pay 6-8% on CD’s within two years just think about that a few minutes)
shorter term or higher rates and fee’s now your talking !!!
Just from my limited experience recently.
February 10, 2010 at 3:37 PM #511798ParticipantFrom the little experience I have had attempting to get a loan recently, If you are applying for a 30 year rate around or below the 5% mark, they are not too enthused about it, (They could be having to pay 6-8% on CD’s within two years just think about that a few minutes)
shorter term or higher rates and fee’s now your talking !!!
Just from my limited experience recently.
February 10, 2010 at 3:37 PM #512360ParticipantFrom the little experience I have had attempting to get a loan recently, If you are applying for a 30 year rate around or below the 5% mark, they are not too enthused about it, (They could be having to pay 6-8% on CD’s within two years just think about that a few minutes)
shorter term or higher rates and fee’s now your talking !!!
Just from my limited experience recently.
February 10, 2010 at 3:37 PM #512454ParticipantFrom the little experience I have had attempting to get a loan recently, If you are applying for a 30 year rate around or below the 5% mark, they are not too enthused about it, (They could be having to pay 6-8% on CD’s within two years just think about that a few minutes)
shorter term or higher rates and fee’s now your talking !!!
Just from my limited experience recently.
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