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Some Buy New Homes to Bail on Old Ones »

Posted by: HomeWatcher 2 months ago

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In markets hit hardest by falling home prices and rising foreclosures, lenders and brokers are discovering a new phenomenon: the "buy and bail," in which borrowers with good credit buy a new home - often at a much lower price - then bail out of the "upside down" mortgage on their first home.

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sandoriner2 months ago

This article contains really useful information. Now i see the reasons for refinancing quite clear. First of all it may take long to find the best mortgage type for you especially if your credit score is not too high. I think it is better to compare several mortgage types before choosing this or that loan option. Probably with the help of this service http://www.fizber.com/sale-by-owner-home-servic... you may find a low interest lender.
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