By reviewing the Deeds section, when looking up an address....how is it that one homeowner, can have so many?
mortgages and satisfied mortgages, back to back? Are they possibly taking out loans to help their friends....i.e. money laundering? Just seems fishy.
Answers (2)
A homeowner might use varous credit lines for access to cash. Creditors might offer incentives for opening a credit line, but the fees for future use of the same may carry higher interest rates. A mailbox full of pre-approvals may have played a role.
The average American refinances every 1.8 years... You are able to refi as long as there is a "benefit". I.E. lower rate, lower payment, cash out, construction, etc.
Web Reference: http://www.amerisave.com/partner/dcmiller
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