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Does anyone have any experiences good/bad that they'd like to share about HUD?
Am thinking of refinancing mortgage- a friend suggested
HUD (Massachusetts). HUD wants me to meet with them
and bring my bills, ss #, all my personal info and financial
info. I'd like to know what I'm getting myself into before I
actually meet with this organization. What do they do? Who
are these people? Do you have any horror stories or good
experiences to share? Thanks.
1 Answer
- 1 decade agoFavorite Answer
Housing and Urban Development...it really doesnt matter who you refiance through, you need to give all that info and you will sign a HUD1 or HUD1-A settlement statement at closing. HUD is just an organization that was created to standardize things across the board when it comes to refinances and loans.
Source(s): Work for a title insurance company and I prepare HUD settlement statements for countrywide home loans.