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Not bad math. The lawyer you are not calling would take at least 1-2x out of thatErm, bad math. If the house that is 25% smaller, unfinished backyard, etc. can sell for 4.5 times our purchase price it would be reasonable to assume we're looking at 6-8 times.
But I'm still not calling a lawyer.
Mexican ‘beach pebbles’
It looks like the drop off is almost exclusively from refis which makes sense. What I have never understood is how those places make money.This is all starting to look like a trend …
It looks like the drop off is almost exclusively from refis which makes sense. What I have never understood is how those places make money.
1. Why does Wells Fargo advertise rate x, and yet random mortgage broker sells me a mortgage at rate x - 75bp which Wells Fargo then buys a week after closing
2. Why is Wells Fargo or whoever buying up all these low interest rate mortgages from brokers in the first place? I understand they need mortgages, but collecting 3%/yr is near inflation level (or it was). That just doesn't seem like an attractive business.