Archive for the ‘best’ tag
Best Refinance Mortgage Rate
What is the best way to refinance your home when you have good credit?
Shall we go through our mortgage holder, Wells Fargo? Must we call a mortgage broker? We want to get the best rate possible without spending a lot in closing costs. * Asked in real estate with no response yet. MT: since you seem to be in the know … who should I steer clear of?
I work for a bank mortgage subordination. If you have a second mortgage, be sure to call them and find out how long their subordination is running. And be sure to ask the specific sub-system dept, and not some random customer service guy who has not no clue. The rate lock is what kills people. We are just freaking backed up everywhere and the normal 30 day rate lock is not cuttin 'it. Check to find out about your agent or broker charges a lot of extensions. I've grown to have a very low opinion of a bunch of loan officers, all very, very deserved. WF does some shady crap but they are not worse. *** It depends on specific loan officer, usually. Some are lazy, stupid and / or cheats. Staying with WF is not necessarily going to accelerate development. We kind of give a nudge in the treatment of 2nds for people refinance their firsts with us, but annoyance really only if we get enough calls from the processor to mke our lives hell. Basically, your loan officer provides no money if you get your walk through with the loan. It makes it really easy to motivate someone to know fully explain the agreement if are things that you are not going to suffer. I would see a smaller banks, actually. If you do not have a queue of 50 credit on your plate, you can spend more time on each. Large banks must have their advantages, but if you have good credit and and you have equity in your house, look for choosier bank. If they are not willing to take a lot of things, what they gain more reliable.