Quote:
Originally Posted by Wayne at Pelican Parts
A mortgage is a mortgage if you're on the borrowing side. I could care less if the name is "Granny's Old Time Cheapo Mortgage" if I get the money at closing. Just make sure not to escrow your payments. There's really no reason not to go with the absolute lowest rate you can find - after all, your mortgage is likely to be sold for servicing anyways...
-Wayne
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Why can't every borrower be like Wayne?
nowadays if you don't escrow some lenders don't allow it on homebuyer assistance loans, or if you are anything less than 10% down.