Refinancing after partnering with Unison!!
We purchased a house with Unison in March 2020. We had our plan worked out which included refinancing the mortgage. We were told by Steven that many Unison Clients do exactly that. When it became time to refinance Unison provided a list of lenders they said were successful in refinancing. Well, ALL of the lenders on the Unison list refused to refinance because the loan was not saleable on the open market. Unison do you work with lenders that will refinance? Can you take an more active role other than subordinating the lien?
Reply from Unison
Hi there Anthony, and thank you for bringing this issue to our attention. Due to new and evolving guidelines in the banking industry, not to mention the rather volatile, changing market conditions of the past couple of years, many homeowners are having a difficult time exercising their option to refinance. We know this can be very frustrating, and recommend that you reach out to our Home Product Team for further assistance.