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cv2
ParticipantFrom what I read, these low 1.75% modifications are with a big catch: there is a balloon payment at the end of the 40 year period. In other words, the new loan was never designed to get paid off. It is a kind of reverse mortgage.
June 4, 2009 at 10:06 AM in reply to: Refi question: can lender back out after escrow paper is signed? #410352ParticipantThe lender made good on his commitment and funded the loan on Monday.
I’m just wondering aloud if the timing of the upswing of mortgage rate is related to the recent visit by our Treasure secretary’s visit to our biggest debt holder, China.
June 4, 2009 at 10:06 AM in reply to: Refi question: can lender back out after escrow paper is signed? #410591ParticipantThe lender made good on his commitment and funded the loan on Monday.
I’m just wondering aloud if the timing of the upswing of mortgage rate is related to the recent visit by our Treasure secretary’s visit to our biggest debt holder, China.
June 4, 2009 at 10:06 AM in reply to: Refi question: can lender back out after escrow paper is signed? #410840ParticipantThe lender made good on his commitment and funded the loan on Monday.
I’m just wondering aloud if the timing of the upswing of mortgage rate is related to the recent visit by our Treasure secretary’s visit to our biggest debt holder, China.
June 4, 2009 at 10:06 AM in reply to: Refi question: can lender back out after escrow paper is signed? #410904ParticipantThe lender made good on his commitment and funded the loan on Monday.
I’m just wondering aloud if the timing of the upswing of mortgage rate is related to the recent visit by our Treasure secretary’s visit to our biggest debt holder, China.
June 4, 2009 at 10:06 AM in reply to: Refi question: can lender back out after escrow paper is signed? #411058ParticipantThe lender made good on his commitment and funded the loan on Monday.
I’m just wondering aloud if the timing of the upswing of mortgage rate is related to the recent visit by our Treasure secretary’s visit to our biggest debt holder, China.
May 31, 2009 at 9:16 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408101Participant[quote=donaldduckmoore]not supposed to!!
But what about the “new” lender? Why is it new?[/quote]
I meant the lender with whom we refi-ed.
May 31, 2009 at 9:16 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408339Participant[quote=donaldduckmoore]not supposed to!!
But what about the “new” lender? Why is it new?[/quote]
I meant the lender with whom we refi-ed.
May 31, 2009 at 9:16 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408583Participant[quote=donaldduckmoore]not supposed to!!
But what about the “new” lender? Why is it new?[/quote]
I meant the lender with whom we refi-ed.
May 31, 2009 at 9:16 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408646Participant[quote=donaldduckmoore]not supposed to!!
But what about the “new” lender? Why is it new?[/quote]
I meant the lender with whom we refi-ed.
May 31, 2009 at 9:16 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408796Participant[quote=donaldduckmoore]not supposed to!!
But what about the “new” lender? Why is it new?[/quote]
I meant the lender with whom we refi-ed.
May 31, 2009 at 9:15 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408096ParticipantThe loan was approved. We signed the escrow paper, which we had three day to change our minds. So the loan was suppose to close three days later.
Good to know that the lender has to honor their commitment.
Thanks!
May 31, 2009 at 9:15 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408334ParticipantThe loan was approved. We signed the escrow paper, which we had three day to change our minds. So the loan was suppose to close three days later.
Good to know that the lender has to honor their commitment.
Thanks!
May 31, 2009 at 9:15 PM in reply to: Refi question: can lender back out after escrow paper is signed? #408578ParticipantThe loan was approved. We signed the escrow paper, which we had three day to change our minds. So the loan was suppose to close three days later.
Good to know that the lender has to honor their commitment.
Thanks!
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