The new credit line will show the original dates and terms and appear as a transferred services. It will not affect your Fico Score.... lenders selling loan portfolios is an every day occurrence.
Had my 1st mortgage sold/transferred 3 times, not a big deal.
At first glance it might make you portfolio look thicker
This is why I want to get mine with NFCU...they service it for the life of the loan.
Agree with JVille..
Hrm, maybe I need to go request my mother's paperwork and get membership anyway... seem to have pretty respectable rates and I know their servicing would work just fine if I decide to really make a dent in my mortgage balances.
Really coming to the conclusion I might as well just add another 900 bucks to my cash flow instead of sitting on this 15 year fixed at the correspondingly higher payment.
Edit: or maybe not with NFCU, their closing costs are absurd from everything I can find on them... seems to be a trend with CU mortgages =/.