Monthly Archives: December 2005
Are refinance loans backed by freddie mac dangerous?
I am thinking of refinancing my home. I can drop 2 percentage points off my current loan. The only problem I have is that the new loan is related some how to freddie mac. Is refinancing my loan to a … Continue reading
Posted in Personal FinanceTagged Freddie Mac, Percentage Points, Potential Danger, Refinance Loans, Refinancing3 Comments
How do/did banks make money selling packaged up mortgages to investors?
I hear this alot but don’t fully understand the process that led to the boom in sub prime mortgages and banks profits. How did the banks make money from selling packaged up sub prime mortgages to investors, and why would … Continue reading
Posted in Other - Business & Finance1 Comment
Should I Refinance
I am not one of those lenders that pushes everyone to refinance everytime the rate drops a little bit. I think you should only refinance if you can recuperate your closing costs with interest savings in a short amount of … Continue reading
Posted in EducationTagged Amount Of Time, Interest Savings, Lenders, Refinance Rate, Time RatesLeave a comment