1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

  2. ROCKETS GAMEDAY
    Just Dave flying solo tonight -- come join us for live postgame as the Rockets collapsed then came back to beat the Pelicans 107-105 Friday night!

    LIVE! ClutchFans on YouTube
Welcome ClutchFans Live

Home Loans

Discussion in 'BBS Hangout' started by CCorn, Oct 29, 2017.

  1. CCorn

    CCorn Member

    Joined:
    Dec 26, 2010
    Messages:
    22,547
    Likes Received:
    23,585
    Is it common for companies to sell off your home loan every few months?

    We bought a house just 4 months ago and we've already had or loan sold off to 2 different companies. It's getting annoying having to re-set up our online account every month.
     
    #1 CCorn, Oct 29, 2017
  2. Haymitch

    Haymitch Custom Title

    Joined:
    Dec 22, 2005
    Messages:
    28,371
    Likes Received:
    24,024
    Shoulda gone through JSCFCU brah. They kept my loan.
     
    #2 Haymitch, Oct 29, 2017
  3. A_3PO

    A_3PO Member

    Joined:
    Apr 29, 2006
    Messages:
    49,228
    Likes Received:
    15,980
    Just curious: Who was your loan from and what two companies afterward?

    Selling home loans is very common. Twice in 4 months is exceptional. Mine's been sold twice in 17 years.
     
    #3 A_3PO, Oct 29, 2017
    No Worries likes this.
  4. CCorn

    CCorn Member

    Joined:
    Dec 26, 2010
    Messages:
    22,547
    Likes Received:
    23,585
    Started with encompass

    Thensold to New York community bank followed by freedom loans
     
    #4 CCorn, Oct 29, 2017
  5. juicystream

    juicystream Member

    Joined:
    Apr 17, 2001
    Messages:
    30,980
    Likes Received:
    7,694
    The first time is very common. Many mortgage companies are loan originators and always sell of their loans. It is weird for it to happen a 2nd time so quickly.
     
    #5 juicystream, Oct 29, 2017
  6. JuanValdez

    JuanValdez Member

    Joined:
    Feb 14, 1999
    Messages:
    35,496
    Likes Received:
    15,988
    This. The first sale is not surprising at all. That the buyer of the loan turned around and sold it is a little odd, but that's just one weird sale, not two weird sales.
     
    #6 JuanValdez, Oct 30, 2017
  7. BamBam

    BamBam Member

    Joined:
    Nov 3, 2003
    Messages:
    9,934
    Likes Received:
    10,564
    It felt weird reading this...o_O
    .......
    .......
    .......
     
    #7 BamBam, Oct 30, 2017
    Sajan likes this.
  8. K LoLo

    K LoLo Member

    Joined:
    Jun 27, 2008
    Messages:
    1,508
    Likes Received:
    611
    I would bet that it doesn't happen again for a bit.
     
    #8 K LoLo, Oct 30, 2017
  9. Space Ghost

    Space Ghost Member

    Joined:
    Feb 14, 1999
    Messages:
    19,007
    Likes Received:
    9,113
    What type of loan did you get? First time is expected, but the second time is not very common but not unheard of.
     
    #9 Space Ghost, Oct 30, 2017
  10. Lurch

    Lurch Live Wilder.

    Joined:
    Mar 25, 2008
    Messages:
    1,665
    Likes Received:
    855
    "Buying single door homes is the stupidest thing you can do." Grant Cardone
     
    #10 Lurch, Oct 30, 2017
(You must log in or sign up to post here.)

Share This Page