Home refinancing-to bank or not to bank????
As people have learned in the last year or so…mortgage lenders can go out of business. The reputation of mortgage lenders vs banking institutions has always been that you get a better interest rate and easier qualification standards from a mortgage lender. But now, with so many people looking into home refinancing, the question of going with a stable bank or mortgage lender has become very real. Nothing is worse then having your mortgage sold off so many times that you fear that the fine print has changed and you don’t have a clue as to what those changes are. Do your homework when looking for any type of loan.
