Housing loan refinance options

Microsoft / Eng
wJBU76

Go to company page Microsoft Eng

PRE
Amazon, Microsoft
wJBU76
Jul 3, 2020 9 Comments

I have recently started looking for options to refinance my home loan. While going through different websites such as quicken loans, better.com etc I came across options from multiple lenders. I am not totally sure how to guage how good a lender is apart from the refinance cost and interest rate. Can I go with any lender who provides the best interest rate with least cost to refinance ? I am little skeptical in going with unknown lender. What can go wrong with a bad lender? Some of the lenders which had good rates for my profile were:
AmeriSave mortgage
Loandepot LLC

#mortgage #housing

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TOP 9 Comments
  • New
    krjp

    New

    krjp
    Go with least cost and better interest rate. They all want business so if u tell them other competitor is charging you x amount of money for closing cost they will try to give you some credit back as well.

    For Better.com they have promotion if you are AMEX card holder you will get free appraisal and $2500 credit on your statement.
    Jul 3, 2020 0
  • Siemens
    nghy287

    Go to company page Siemens

    nghy287
    For refinancing you should never pay any closing cost
    Jul 3, 2020 4
    • VMware
      burned

      Go to company page VMware

      burned
      Ok, so let's compare since I am doing refi right now. 2.75% apt on 30y fixed, 2900 closing cost. Show me someone who will do that with no cost. No points, conventional loan, about 50% ltv
      Jul 5, 2020
    • Can you please tell me who is your lender? That's a very good interest rate. I am getting 3% at 4000 $ closing cost for 30 year fixed
      Jul 6, 2020
  • SAP
    kyu2020

    Go to company page SAP

    kyu2020
    Agree.. didnt pay a penney in closing cost.. got lender credit to nullify the CC... rate and apr are same so nothing is baked there as well... go for LoanDepot, they are the best right now
    Jul 3, 2020 1
    • How did you convince them to pay 0 closing cost. I am being told that it's not at all possible since it involves not just the lender fees but other fees like escrow, title, appraisal etc
      Jul 6, 2020
  • SAP
    unmasked20

    Go to company page SAP

    unmasked20
    I didnt had escrow with them ( thats on me so i dont count it in CC)...for any other fees ( appraisal, title, origination etc) they gave lender credit ...PM me if u need lender info
    Jul 7, 2020 0