Comments on: Take A Peek At My Lending Tree Home Refinance Offers http://www.thewisdomjournal.com/Blog/take-a-peek-at-my-lending-tree-home-refinance-offers/ Wise Choices. Improved Finances. A Better Life. Sun, 05 Feb 2012 12:01:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Admin http://www.thewisdomjournal.com/Blog/take-a-peek-at-my-lending-tree-home-refinance-offers/comment-page-1/#comment-8621 Admin Sat, 17 Jan 2009 14:36:31 +0000 http://www.thewisdomjournal.com/Blog/?p=553#comment-8621 <!--nocrosslink_start-->I think we're talking about two different things. My mortgage wouldn't be sold to another institution, rather it would be paid off and there isn't any pre-payment penalties on my mortgage. Also, the bank that issued my mortgage is the same bank that currently owns it. <!--nocrosslink_end--> I think we’re talking about two different things. My mortgage wouldn’t be sold to another institution, rather it would be paid off and there isn’t any pre-payment penalties on my mortgage. Also, the bank that issued my mortgage is the same bank that currently owns it.

]]> By: Sarah http://www.thewisdomjournal.com/Blog/take-a-peek-at-my-lending-tree-home-refinance-offers/comment-page-1/#comment-8620 Sarah Sat, 17 Jan 2009 11:01:35 +0000 http://www.thewisdomjournal.com/Blog/?p=553#comment-8620 Your personal credit score and the performance of your current mortgage aren't the only things banks consider when they offer you refinancing. They also have to consider who owns your mortgage. Many times, when mortgages are sold to other financial institutions, there are stipulations on how they can be modified. Refinancing could incur fees the bank must pay to the owner of the loan, and the current influx of money into the industry from the government means rules are only getting more strict (some large financial institutions are suing due to a stipulation like this right now). That might also have something to do with the dismal offers you're seeing. But by all means, continue to comparison shop! Your personal credit score and the performance of your current mortgage aren’t the only things banks consider when they offer you refinancing. They also have to consider who owns your mortgage. Many times, when mortgages are sold to other financial institutions, there are stipulations on how they can be modified. Refinancing could incur fees the bank must pay to the owner of the loan, and the current influx of money into the industry from the government means rules are only getting more strict (some large financial institutions are suing due to a stipulation like this right now). That might also have something to do with the dismal offers you’re seeing. But by all means, continue to comparison shop!

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