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Nesgroup address: misc.consumers.house - Date & Time for the message: Tue, 15 Mar 2005 12:21:59 -0600
/ Author of the message: Joe Doe |
Title of the message: |
Re: Understanding refinance fees
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Text of the message: |
In article <john-D20461.23025414032005@ip-lcc.supernews.net>, "John A. Weeks III" <john@johnweeks.com> wrote: > In article <1110847156.990667.94030@g14g2000cwa.googlegroups.com>, > roger61611@yahoo.com wrote: > > > Not sure but I have heard that you can save money on fees if you can > > refi with your current lender, since they already know you. > > The problem is that most lenders have little incentive to do a > re-fi since they are making tons of money on your loan as-is. > Few lenders will offer a good deal when they already have your > loan. > > -john- A great number of mortgages are resold so the original lender is not necessarily making tons of money as is. I think they would rather collect the fees, because they are going to sell your loan anyway. They also realize if the deal is compelling you are going to walk anyway. I went through a refi with my original lender ABN AMRO (mortgage.com) |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.