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re: Regions Mortgage
Posted on 11/18/16 at 6:59 am to GeauxTigers1983
Posted on 11/18/16 at 6:59 am to GeauxTigers1983
quote:
I was told they keep them. At least in the beginning.
Good deal. Again I'm not in the industry I just own some rental properties and have a couple mortgages, but I'd say they most likely don't keep 100% of their mortgages all the time. They may keep a lot of them, but it usually depends on their business goal at the time, what they are selling for, what their portfolio looks like, what kind of mortagage you have, etc.
All I'm saying, is that I wouldn't plan 100% on them keeping your mortgage as the primary reason to go with them.
This post was edited on 11/18/16 at 7:00 am
1
Posted on 11/21/16 at 5:47 am to baldona
Not to derail this thread but why does a lender sell a mortgage?
I refinanced a property for a tiny amount. It is my only debt of any kind (everything paid off) and it's less than I make in a year.
I have never missed a payment and have no issues on my credit score and never have.
It's guaranteed money. Why would they not want to keep the loan?
I refinanced a property for a tiny amount. It is my only debt of any kind (everything paid off) and it's less than I make in a year.
I have never missed a payment and have no issues on my credit score and never have.
It's guaranteed money. Why would they not want to keep the loan?
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