Is there a benefit in going with one of the big banks?
I've owned my current home for 15 years and owned a couple other properties prior. I've never been in a position to have good credit, good income, good DTI and good LTV all at the same time before. So I've always dealt with catch-as-catch-can type lenders. Someone in a recent post on the credit card forum mentioned CC companies and other lenders looking at some mortgage lenders more favorably than others. My current loan was done through CashCall Mortgage (their personal loans border on criminal, but I was super happy with them for the home loan process) and is now with Pennymac. If I were to refi I was going to check with Pennymac (get flyers from them all the time), CashCall, and my credit union (but I hear they're S L O w.) After reading that comment here, I thought maybe I shoudl check with Chase, Citi, and US Bank. I've done some looking and I think I could get almost as good of a deal with Chase and Citi as with CashCall or Pennymac. It might cost me 0.25 - 0.75 pt more. Is there a benefit in going with one of the big banks? I have CCs with Chase and Citi and I'm currently working with US Bank on a HELOC. (Their site doesn't give good info on their refi's).
You already have an older thread talking about the HELOC. Mixing threads can lead to much confusion. Please keep the topics separate.
Thanks for your understanding,
MarineVietVet, myFICO moderator.
