I am thought 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 FM backed loan a potential danger in the future? Or do I have nothing to worry about?
I hear this alot but don’t fully know 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 the investors buy them?
Where these investors the likes of Goldman Sachs and Lehman Bros?
I am not one of those lenders that pushes everyone to refinance everytime the rate drops a small bit. I reckon you should only refinance if you can recuperate your closing costs with interest savings in a small amount of time. Rates are incredible right now and it force be worth your time to look at a refinance.
I have had my truck for small over a year and the payments are now too much to meet the deprivation of. (when I got the truck I had more than enough to cover the payments. but because of failing construction my husbands excellent job is now gone)
Is it too soon to refinance to get a lower payment?
To make long tale small, I’m facing a possible foreclosure on my first primary residential property in California. It’s a money buy loan and it has never been refinanced. Due to the current California laws, I’m protected under what is called “anti-deficiency” law meaning once the bank foreclosed the property; they are not allowed to come after me for the balance that didn’t satisfy the loan balance after the sale of the auction. I want to be sure that my tiny personal assets are shielded from other unseen circumstances so here’s my question: I bought a tiny residential parcel lot back in 2003 at a honestly cheap price in California using an owner financing agreement and it will be paid off next month. The grant deed will then be transferred onto my name and gets recorded with the district. What are the best strategic ways to transfer the title to me without the possibility of losing this property in case I get sue. The current value of this parcel lot is at around $45k. I don’t