y***n
发帖数: 114 | 1 Heard about that if we refin then we will loss the "purchase money" benefits
. In other words, if we default in the future (in the worst scenario case),
then the lender can go after your other assets other than the house. Is
refinance really risky? Or is there any way to protect your assets after
refinance? Thank you. | b********3
发帖数: 994 | 2 Of course not. If you default, Fannie Mae and Freddie Mac will be after your
lender, because in most circumstance, they are the owner of your home if
your house has lien with it. Your lender can only ask for the ownership for
the house, NOTHING ELSE. |
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