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2 Bumps

No interest mortgages?

Think about it: Zero percent financing has long worked as an incentive in the auto industry.
If this zero percent financing was available for refinancing, "demand would surge to the point where banks, titles companies and appraisers would be over capacity and understaffed. In theory, hiring would increased to meet demand."
Excerpts from article by Amy Hoak, WSJ

 
tasches

Asked by tasches at 1:14 PM on Oct. 2, 2010 in Money & Work

Level 48 (298,202 Credits)
This question is closed.
Answers (2)
  • I am in the mortgage industry and we have hired because of the lower rates and everyone I talk to is swamped that doesn't mean they are going to hire.
    Kari126

    Answer by Kari126 at 10:03 PM on Oct. 3, 2010

  • Ahuh.... and how would banks make money on those loans?
    Erica_Smerica

    Answer by Erica_Smerica at 11:49 PM on Oct. 2, 2010