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Question for the Mortgage guys

Established Contributor

Question for the Mortgage guys

We JUST closed a month ago on our home and moved in last week. We have an FHA backed loan and haven't even made a payment on it yet. Yesterday, we notice that our current mortgage company sold it already to BOA. Why would this happen already? I HATE BOA...lol


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Current Score: 690
Goal Score: 750


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2 REPLIES
Senior Contributor

Re: Question for the Mortgage guys

that is about par for the course.  They do this because they need the funds back to fund the next loan and so on.

Message 2 of 3
Established Contributor

Re: Question for the Mortgage guys

Nice. I thought so. Thanks!


Starting Score: 454
Current Score: 690
Goal Score: 750


Take the FICO Fitness Challenge
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