8 Thoughts on Who can we trust our refinancing loans at home with? Too many frauds and mortgage companies from around these days.?
  1. Reply
    godged
    February 20, 2011 at 2:18 am

    Stay away from internet lenders. If you bank locallly, go there and ask. Check around with other local lenders. Get a GFE on closing costs, ignoring closing costs can cost you thousands of dollars.

  2. Reply
    Robert
    February 20, 2011 at 2:54 am

    Do you have an ARM mortage? If so shop around for a 30 yr fixed and take nothing else unless it less years like 25,20. What’s your rate? If it around 5 to 8 state in the same motage you have and paid more on principle which in turn will reduce the amount of time you are paying intrest.

  3. Reply
    Brad
    February 20, 2011 at 3:36 am

    Hi Terri,

    Before shopping around for a mortgage lender, make a list of the certain terms and personal concerns to ask any lender to choose the honest from the dishonest.

    Begin the list with the amount of mortgage you are inquiring about, ask about the interest rates, PMI, second mortgages, penalty fees, closing cost, application fee, appraisal fee, flexible closing, lock in rate, and fixed or variable rates. From this point, you should have enough information to decide which lender you feel most comfortable with.

    The best way to find a mortgage lender who is honest, truthful, and patient is by asking friends, family, and sometimes realtors. The most reliable answers you will get is from people who have used a mortgage lenders services.

    Hope this helps!

    Brad

  4. Reply
    My Take on It
    February 20, 2011 at 4:26 am

    Trust yourself
    You do not need a 3rd party to charge you money to negotiate something that you can do yourself.

  5. Reply
    Janet P
    February 20, 2011 at 4:29 am

    Stick to local lenders, ones with offices that you can meet.

    Your bank or credit union is your best bet.

  6. Reply
    jannie
    February 20, 2011 at 5:02 am

    if they are recorded together it will show like that until everything is all paid
    if you smaller loan is paid , why don’t you go back to the bank and refinance your mortgage
    that way only the amount you owe now will show on your records

  7. Reply
    poolshark
    February 20, 2011 at 5:53 am

    Your deed of trust is the full amount together or purchase price in this case. It will not be deducted even once paid off, so depending on where ya live, you may get reassessed for real estate taxes at the purchase price.

  8. Reply
    tortuga
    February 20, 2011 at 6:47 am

    I’m guessing that the mortgage company paid off the builder and tacked that on. They aren’t going to lend you $ $ on a house that has lein senior to theirs.

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