Mary Salzer

  

A purchase transaction has some significantly different documentation in the package than that of a refinance transaction. T'were it me I would get all of the transactions out, however focus on the one that you are presently dealing with, that is the one in jeopardy, it is the wolf at your door. I am always curious to see the prior transaction data preceding the one that I am underwriting as it has some telling implications for the new one. However, that is a front end curiousity and is not necessarily a function of this process.

However, what I would be curious about is.....was the old lender that you refinanced from, the same as the lender that you refinanced to. Was there a prepayment penalty, what was the time elapsed from one refinance to the other if they were indeed the same lender and was a prepayment penalty charged paying off the old loan from the present loan (refinance).

These are relevant issues, where there are multiple refinances, within the same lender shop, that should be addressed.