Why are refinanced mortgages quoted out w/ separate rates than regular mortages?
Bster13 asked:
If I want to buy a house for $100k or refinance a $200k house with $100k left on the principal balance, why do the rates differ? I’d still be getting a mortgage for $100k either way, no?
***So generally refinances should get lower rates, correct?
STEVE
If I want to buy a house for $100k or refinance a $200k house with $100k left on the principal balance, why do the rates differ? I’d still be getting a mortgage for $100k either way, no?
***So generally refinances should get lower rates, correct?
STEVE
