I walked in Wells Fargo today and they provided a very lucrative rate. Problem is I am with my broker from a week and he ordered appraisal. Mostly appraiser has not yet appraised house. My closing is due in mid of next month. Would it be a good idea to change right now to Wells Fargo? Any experience with closing with Wells Fargo?
There is no issues changing your broker. It’s not a contract or a marriage. He’s selling you a product. He would charge you the appraisal fee. But of course you expected that, no? As for whether Wells Fargo is good or bad, idk. Most people’s interaction with an entity is colored by the people they come in contact with. Again it’s not a marriage. It’s a transactional (long term) relationship. There’s a good chance Wells will securitizes your loan BTW. It ain’t personal. It’s strictly business.
Wells is fantastic and their rates beat everyone right now. Closed many times with them. Ask about their deposit discounts.
Thanks
I’ve always asked if they could beat the offer. You never know may be even able to get lower
You should expect to pay the appraisal fee. Otherwise, if you have enough time before closing to start over, I would pursue it if I were in you place.
WellsFargo is good, they should be able to close in 30days. Never had any problems.
Cool thanks
What rate u got? What was the mortgage amount?
Lucrative rate!? didn’t realize banks were offering negative interest rates. Economy must’ve been real screwed.
I’ve heard pretty terrible things about well fargo specifically delaying closing and such. It’s not a huge deal to change lenders in general though as long as they can close on time. I’ve changed lenders 2 weeks before closing with no issues.
Thanks, the person I talked today looked really experienced. Funny part is my broker is also trying to set my loan with Wells Fargo.