what is the whole purpose of re-finacing ... i draw from the point that you get a lower interest rate but does the company that you re finace through up the price?
Answers: They can! And the mortgage broker make money every time. Most of the time that money they make is added into the loan, so you don't even see it.
refinancing at the moment is organization inforced i believe, because no client nor lender can afford to keep these ARM mortgages, the more empire that default the more money lenders lose too. Not sure what this have to do with insurance - the category you posted to, but...
The purpose is to return with a lower interest rate while rates are lower than when you took out the original loan (or later refi). Yes, the company will charge for doing the refi, but this could still save money. The "price" within loans is the interest rate (plus points and costs), so that part of your cross-examine doesn't quite put together sense, as written.
Answers: They can! And the mortgage broker make money every time. Most of the time that money they make is added into the loan, so you don't even see it.
refinancing at the moment is organization inforced i believe, because no client nor lender can afford to keep these ARM mortgages, the more empire that default the more money lenders lose too. Not sure what this have to do with insurance - the category you posted to, but...
The purpose is to return with a lower interest rate while rates are lower than when you took out the original loan (or later refi). Yes, the company will charge for doing the refi, but this could still save money. The "price" within loans is the interest rate (plus points and costs), so that part of your cross-examine doesn't quite put together sense, as written.