topic Re: Good Mortgage Company in Mortgage Loans

Good Mortgage Company

Anonymous — Fri, 12 Jun 2009 01:16:32 GMT

Does anyone know a good company I would refinance my loan with. I am trying to work with PNC Mortage but their mortgage rep is not getting back to me or he would tell me i will call you back in 15 min and never calls me back. Even if I e-mail him he would e-mail me back 2 days later or something never anwers my questions. Does any one know a good bank I would refinance with?

Re: Good Mortgage Company

Anonymous — Fri, 12 Jun 2009 01:38:19 GMT

I worked with American Financial Services for a first time homebuyers FHA. I was able to complete everything from contract to close in 45 days. They also do refinance. Hope this helps.

Re: Good Mortgage Company

Anonymous — Fri, 12 Jun 2009 14:05:42 GMT

We went with National City Mortgage, who was recently merged with PNC. I think it more about the loan officer than the company. Of course, there are differences between companies, but really, a lot of the experience you have is about who your loan officer is. I would be asking around in your area to see if someone can recommend a good loan officer. Have you asked your real estate agent? That is how we got our recommendation and she has been great!

Re: Good Mortgage Company

Ariel — Fri, 12 Jun 2009 16:38:52 GMT

I went with Banner Mortgage. Did an FHA, was totally painless and fast, no issues at all. They were VERY responsive.

Message Edited by llecs on 06-12-2009 12:38 PM

Re: Good Mortgage Company

Anonymous — Sat, 13 Jun 2009 11:06:31 GMT

@Anonymous wrote:
Have you asked your real estate agent? That is how we got our recommendation and she has been great!

That was my experience as well. My agent knew who could get the job done. It seems like any company can have a bad egg so it's more about the particular person you're dealing with.

Re: Good Mortgage Company

marty56 — Sat, 13 Jun 2009 19:55:33 GMT

Funny yoo should mention PNC. I have a mortgage with National City for 5 years and I wanted to refi to a better rate so it could be PIF in 5 years. The cost was way too much and the rep wasnt that interested in getting my business. It was a Freedie Mac loan (they dont make much money on it, just manage it)

Last week I went to RBFCU and was able to get a 5 year @ 4.0 % mortgage with $712 closing cost plus having to add about 2k into the new escrow account.

I would look at a CU. I will never use a national bank for anything.again.

Re: Good Mortgage Company

Anonymous — Mon, 29 Jun 2009 15:20:24 GMT

PNC gave me a rate of 5.5 with 1.75 points and bank of America is giving me 5.375 with zero points. Going back and forth with the mortgage persons sales manager. they said they will drop the pints to 1% for 5.5. Is it still worth it. BOF is better deal then PNC looks like. but I just want someone's opinon.

Re: Good Mortgage Company

ShanetheMortgageMan — Mon, 29 Jun 2009 19:05:45 GMT

@Anonymous wrote:
PNC gave me a rate of 5.5 with 1.75 points and bank of America is giving me 5.375 with zero points. Going back and forth with the mortgage persons sales manager. they said they will drop the pints to 1% for 5.5. Is it still worth it. BOF is better deal then PNC looks like. but I just want someone's opinon.

5.5% with 1 point vs. 5.375% with 0 points? Those aren't really that close, plus the fact that PNC is tough to get a hold of and get responses from - what still makes you want to go with PNC?

Re: Good Mortgage Company

Anonymous — Tue, 30 Jun 2009 03:07:53 GMT

all my bank accounts and saving are with PNC so I thought to have everything under one bank. We are not going with PNC anymore since they will not give us 5.5 with zero points. The Mortgage consultant was good. he knew what he was doing but at the end it comes down to which bank will save me more money. my wife and I dont see us spending 2890.00 extra on the mortgage.

Re: Good Mortgage Company

DallasLoanGuy — Tue, 30 Jun 2009 04:29:46 GMT

@Anonymous wrote:
all my bank accounts and saving are with PNC so I thought to have everything under one bank. We are not going with PNC anymore since they will not give us 5.5 with zero points. The Mortgage consultant was good. he knew what he was doing but at the end it comes down to which bank will save me more money. my wife and I dont see us spending 2890.00 extra on the mortgage.

Slow down.

How are you spending an extra 2890?

I always recommend people ask friends/relatives/coworkers for a referral to a loan officer they used that was awesome.
It has NOTHING to do with the lender/bank.... it is the person!!!!

Why do you want no points?

How long do you plan on staying in this loan?

Re: Good Mortgage Company

Anonymous — Tue, 30 Jun 2009 14:46:39 GMT

the LO never said I would have to pay points to lower my rate. he said we locked you in at 5.5% with 5.6 apr. I found out about the points after I received GFE. I don't want to pay points to reduce my rate when someone else is offering 5.5 or lower rate with zero points.

Re: Good Mortgage Company

DallasLoanGuy — Tue, 30 Jun 2009 16:22:06 GMT

got it.

Re: Good Mortgage Company

Anonymous — Wed, 01 Jul 2009 05:33:21 GMT

We did an FHR Streamline refinance with Quicken Loans and it was completely painless and fast. We closed in 3 weeks. No problems at all.

Re: Good Mortgage Company

marty56 — Wed, 01 Jul 2009 21:23:21 GMT

Just closed on my Randolph Brooks CU refi loan. no pain, no suprises, they are the best.

Re: Good Mortgage Company

Anonymous — Wed, 01 Jul 2009 23:27:17 GMT

what does it mean to "buy points", what does "points" mean in general

Re: Good Mortgage Company

Anonymous — Thu, 02 Jul 2009 01:06:41 GMT

You can pay points to lower your interest rate. A point equals a percent of the loan amount. So for example you may pay 1% of the loan amount up front to lower the interest rate by .125%.