2007-02-23 02:12:08 · 6 answers · asked by njsueb 3 in Business & Finance ➔ Renting & Real Estate
My husband is a loan officer for a great mortgage company. He may be able to help you refinance your mortgage. If you would like for him to see what kind of rate he can get for you just email me and I can give you his contact information or you can give me your email address and I can have him contact you from work on Monday.
2007-02-24 10:52:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A National bank will be more likely to offer you the most consistent service with competitive rates and fees. Remember, although a broker may be able to offer you a slightly lower interest rate in some cases, their fees will be higher since they are a third party to the transaction. In addition, rate is only one component of the loan that need concern you. Compare the APR on offers to determine which is the lest expensive financing. The closer the APR is to the rate quoted the less you are paying for the financing. And remember, rates change constantly, what you are quoted may not be available when you are ready to lock the rate in.
What the consumer doesn't know can sometimes hurt him. For example, there are industry rumors that Countrywide may be involved in a buyout offer from Bank of America. If that happens, the transition could be rough for consumer with loans in process.
The best advice I can give you is to find an experienced loan officer with whom you connect and who is more interested in your best interests than their own commission. Get everything in writing and hold them to their agreements or walk away.
I have some collateral information that may help you choose the right person. If you wish to email me and I will be happy to email it back to you.
2007-02-23 10:42:25 · answer #2 · answered by mazziatplay 5 · 0⤊ 0⤋
Sunset Mortgage is the best in NJ! Haha. If you're interested you can contact me for a free pricing though.
2007-02-24 18:42:40 · answer #3 · answered by Phil H 2 · 0⤊ 0⤋
There's a ton of crappy companies, and more importantly, a ton of crappy loan officers.
Ask around to people you know in the area. Friends, family, coworkers. Get referrals to people they've used, and would use again.
Big companies are no better than small ones. In fact, they often have less-experienced loan officers, and only have their own products to sell, so they can't offer everything to everyone.
Call 5 places, you might get 5 completely different offers. It pays to shop around a bit.
2007-02-23 16:04:22 · answer #4 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
I'd suggest a larger, more reputable Mortgage Company like Countrywide.
Bad companies could be in limitless supply. I always recommend my clients use a KNOWN name in the biz!
Good luck.
2007-02-23 10:20:10 · answer #5 · answered by Art 4 · 0⤊ 0⤋
I've used Wells Fargo. They refianced for me with no cost at all and a lower rate. They have also recently pre-approved a loan for me to buy again, no points.
2007-02-23 10:22:54 · answer #6 · answered by jamv0051 3 · 0⤊ 0⤋