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Old 10-05-2010   #11
polishmafia
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Join Date: Feb 2007
Location: maple grove
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Posts: 2,549
Re: Re-financing Home Mortgage

Quote:
Originally Posted by Halon View Post
2) Those that are not managing to pay on-time everytime (not 'performing' as you put it).
This really kills me. I understand why this type of rule is in place, but why would a lender not even take me into consideration for a refi? I can pay my bills, I just want a lower rate.

Over the next 30 years, is the lender going to make more money sitting on non-payers and selling their foreclosed property? It makes NO sense to me.
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