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Posted: 1/3/2006 4:04:52 AM EDT
I'm getting ready to re-finance my house, any members have tips for a bank they worked with that had great rates and/or service?

Michael
Link Posted: 1/3/2006 4:12:19 AM EDT
Link Posted: 1/3/2006 10:25:21 AM EDT
Wilco, thanks and TTT for the daycrew.
Link Posted: 1/3/2006 10:27:28 AM EDT
[Last Edit: 1/3/2006 10:35:24 AM EDT by m-dc]
.
Link Posted: 1/3/2006 10:28:30 AM EDT
Wiggy762.

Assuming he' still doing it, of course....
Link Posted: 1/3/2006 12:06:29 PM EDT
I refinanced mine twice at a no cost mortgage place. Yeah it cost me a 0.5% higher mtg rate but I went from 7.625% to 6.5% for nothing and later on from 6.5% to 6.0% for $0. They didn't add the fees to my current mtg balance or anything either. The going rates at my refinances were 6.0% and 5.5% respectively.

Either way a free int rate reduction is free. If you pay closing costs of say $4000 for example, and it saves you $200 a month in interest, you won't make be ahead for 20 months. 21 months later you can feel smug for saving $200 in interest, BFD. You can save $K's in interest anyway by prepaying principle too. I tried to catch the bottom of the refinance game and was going to go down to 5.5% when the mkt rates were 5.0% but it would save me only about $60 a month, I was hoping the rates would go down further and they did, but I held out for even lower and bam! They shot up
Link Posted: 1/3/2006 4:38:26 PM EDT
Call up your current mortgage company. You'd be amazed at the deals they can do and more importantly, the money you can save, they already have your records, they don't need to do a lot of again. (appraisal, etc)
low doc, no doc, good rates, etc
HTH

Brian
Link Posted: 1/3/2006 4:45:55 PM EDT
tag
Link Posted: 1/6/2006 5:21:40 AM EDT
Anybody heard from Wiggy lately?
Link Posted: 1/8/2006 3:28:16 PM EDT
I be here!!!

I am just a busy loan officer!!!

It seems that the previous advice is spot on.

IM me with the specifics and I can give you some help.
Link Posted: 1/8/2006 3:31:08 PM EDT
I used LendingTree.com.

I have a lender ready to go, waiting for the underwriter to finish, hopefully on Monday.
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