Posted by RJM on May 31, 2001 at 11:05:26:
I am doing it thru Sovereign Bank. Contact person Mike Tur. Good luck. I don’t understand what you mean by quick cash. As far as I know it is a mortgage. The way to get cash is if you prepay the mortgage and interest rates are higher then the bank pays you a prepayment penalty. If interest rates are lower, then you pay the bank a prepayment penalty.
swap mortgages - Posted by RJM
Posted by RJM on May 29, 2001 at 11:03:02:
Anyone familiar with swap mortgages? what’s your feeling on them?
What are swap mortgages? - nt - Posted by Lisa in VA
Posted by Lisa in VA on June 08, 2001 at 22:58:13:
Re: swap mortgages - Posted by Jared
Posted by Jared on May 31, 2001 at 02:24:58:
I am interested in this also… I am wondering just how possible it is? I have heard about it, and the possible quick cash, just never found anyone that has actually done it… If you know anyone, please let me know.