Bought it off my landlord after renting it for a few years. Been a good investment, and I was able to tap it during some rough times. Currently on a 6 percent fixed.
To be fair, most buyers don't have a lot of choice on where their mortgage ends up nowadays, or what government mortgage organization gets involved down the line.
In the old days, your mortgage holder was the bank or S&L you got the mortgage from, and it stayed that way for the most part. Nowadays, the mortgage can be sold off to another holder without so much as a by-your-leave. One of my equity lines got flipped about a week after I signed it. Doesn't actually affect me, of course--all the terms stay the same--but it's annoying in some ways.
Current Events » in reply to I bought my house the old-fashioned way
Same here.
The whole thread (60 posts)
- And I thought it was the hedge funds that were next.
- Update: Looks like the Fed is going to try to 'print' its way out of this crisis as well
- Another commentary on this subject
- I vant to dlink yor blaaad.
- Mortgage subsidies
- "Mortgage subsidies"?
- Wow!
- re: Wow
- All I recall you saying about the subject a year ago was...
- Not quite a year ago....
- And which of those numbers were incorrect?
- You consistently claimed the problem was fabricated...
- Though I must admit dumbfounded admiration at your research skills. (n/t)
- Well I wasn't really trying to point the finger at Tom so much...
- And which of those numbers were incorrect?
- Not quite a year ago....
- re: Wow
- Actually, "collectivism" isn't the issue.
- Corporations are not private companies.
- If you notice Robert's "blame the victim" post below...
- Actually, "collectivism" isn't the issue.
- All I recall you saying about the subject a year ago was...
- re: Wow
- Worst of all possible worlds
- Wow!
- I bought my house the old-fashioned way
- "The Price of Fannie Mae"
- "Mortgage subsidies"?
