Some local banks offer customers (buyers) in house mortgage loans...are they a good deal...MAYBE. Locally there are tons of people that received in house loans during the explosion of the Real Estate market. But when rates dropped and these borrowers tried to refinance in order to get a lower rate, these same banks refused to budge.
Loans that were Fannie Mae and Freddie Mac owned qualified for refis but the local banks and some credit unions told stressed out borrowers to take a hike.
So before you jump at that good deal, think again. If it sounds too good to be true, it probable is.
Theres a lot of people looking for house loans that can help them . And they were looking for the good one.
ReplyDelete95% mortgages