And like a purchase loan, they’ll typically earn 1-3% of the loan amount as compensation, either paid by the borrower or the lender. The one caveat is they might not be able to refinance your loan for six months to avoid commission recapture. So if you’re told you have to wait, y...
Finally, we already refinanced our existing primary home mortgage to get the lowest rate possible. Once we settle into our new home, we will then rent out our old home and generate passive income. Who Is Buying Real Estate #4: It's Now Cheaper To Buy Than To Rent ...