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Updated about 10 years ago on . Most recent reply

Francis A.'s profile image
Francis A.'s profile image
Francis A.
  • from Los Angeles, California
  • Member since May 16, 2014
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352
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Francis A.'s profile image
Francis A.'s profile image
Francis A.
  • from Los Angeles, California
  • Member since May 16, 2014
Connect
Francis A.
  • Los Angeles, CA
142
Votes |
352
Posts
Buying & Selling Real Estate

Refinancing - credit ramifications of moving a mortgage to another lender

Francis A.
  • Los Angeles, CA
Posted

Hi,

I have been wondering about this. 

When a lender (Finance company # 1) issues a mortgage and then turns around and sells it to another lender (Finance company # 2). Does your credit take a hit if you were to take that mortgage and refinance with yet another lender (Company # 3) 6 months after the sale of the mortgage? What are the ramifications if any?

Thanks so much!!!

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