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TURTLE
 
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"Nitin" wrote in message
om...
Hi,
After a series of refinances on my home, I'm now overwhelmed with the
amount of paperwork that comes with each refi. Can someone help me
with which papers I need to keep from the mortages which I closed as a
result of the refinance?

thanks,
-nitin


This is Turtle.

It is hard to say what you would need or not but I would keep all of them for
referrence if say your bank or loan company sells your Note to another bank or
load company or maybe your bank goes belly up. If they go belly up --- your note
can be called and they will give you 90 to 180 days to pay the note off or
refinance it. This case is or usely only if the interest rate your paying in too
low for them to like. The reason i say this my next door neighbor had a 6% note
and Gulf Coast investments went belly up. The going interest rate at the time
was 17% and the buyer of the note called the note and he had to refinance it at
17% . He got the red ass but they got their money. It is all ways a good ideal
to look at who you finance your home with.

TURTLE