Experience with Ally bank refinance
Aug 25, 2021
12 Comments
Hey all,
Got a 3.5% 30y fixed on my house and want to refi, ally offers some really great rates and I like the application process and online experience so far.
Does anyone have actual experience working with them? Are they responsive? Did you use their escrow to pay property tax?
I’m using Wells Fargo right now and they are my primary bank as well and had no issues with two home purchases , but their rates aren’t as competitive for refi.
comments
Very similar to mine.
$998k, 30y fixed, second home, 2.5 with 0.75 points ($7.4K) or
2.75% with 0.125 point credit ($1248)
Are you opening an escrow with them?
I ended up staying with Wells Fargo though as they were able to do a basic rate adjustment to 2.875 with no points/fees/checks/hassle (basically changing a number on their end-doesn’t reset the 30y). Just had to reach out to my original banker and start the process to see if I qualified. If I wasn’t able to get the rate adjustment I would have considered Ally.
Will try Wells Fargo who is my original lender as well