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Updated almost 6 years ago,

Nancy Lucca's profile image
Nancy Lucca's profile image
Nancy Lucca
  • Member since Jun 16, 2018
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42
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Nancy Lucca's profile image
Nancy Lucca's profile image
Nancy Lucca
  • Member since Jun 16, 2018
Connect
Nancy Lucca
5
Votes |
42
Posts
Buying & Selling Real Estate

Mortgage Products Bankers/Lenders Aren’t Allowed to Sell

Nancy Lucca
Posted

I heard there’s certain mortgage products that bankers aren’t allowed to sell or advertise because the bank makes no money on them. What are they? Does anyone know? The bank makes more money on a 30 year fixed rate mortgage but supposedly there’s something where you’d only pay like $38,000 in interest on a 250k loan and you can your mortgage off in 6 years. Does anyone know the secrets?

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