Quote:
Originally Posted by Kiske
Well Saturdays activities went a bust. Planned to spend the day getting finances in order and see about refinancing my home and a car loan. Almost every place I tried in person and online isn't financing anything at the moment.
I've hit around 50k in home renovations/rmodel last year and am ready to get PMI off the home loan.
I'm also ready to ditch the truck as my variable loan's apr is almost at 9% these days...
Guess it is day drinking time, might clean out the garage.
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Yeah, there was a lot of refinancing just before they shut everything down so there is apparently a whole lot of supply in the secondary loan market that no one is buying, leaving most lenders short on cash to make new loans happen.
I think the current owner of your loan would be technically able to do it since they would be paying themselves. Not sure if there is any incentive for them though.