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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Sorry, but not necessarily true. It is entirely possible a company can promise and not deliver. If your past the loan contingency time frame you can lose your deposit.
Generally lenders sell the loans and retain the servicing.
Am I banned now?