I had refinanced my house through a normal mortgage company and they unfortunately sold that mortgage to Fairbanks Capital Corp. Because of all the low interest rates I was hoping I could refinance at 4.75% for 15 years except there is a 10% penalty on my loan if I refinance within 3 years.
I have called and asked about refinancing through them except they do not do any financing. If this company is able to buy peoples loans then they should have to service them also. If they do not want to be in the financing business and purchase loans then they should have to service them, if someone wants to refinance then they should do it or sell the loans.
They will not give any staight answers except to say TO BAD.
This is not how businesses should be allowed to operate.
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