How do I know which Mortgage Company to go with?

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We are looking at refinancing due to an adjustable loan that the interest rate keeps going up every 6 months, its now 10.025%. We dont want to get stuck in another bad deal and I want to know which Mortgage company is best going to suit our needs and be honest with us. Is there a website that rates mortgage companys?

5 Comments
  1. Reply
    autumn
    May 16, 2011 at 5:10 am

    use a broker. they’ll shop around for you & you get there fee’s upfrom ont he Good Faith Estimate. If you’re in PA or NJ contact my old company – http://www.terrafinancialgroup.com I don’t work there anymore, but I can tell you they are good honest people.

  2. Reply
    ncheliport
    May 16, 2011 at 6:06 am

    My wife and I just refinanced we really shopped around!!!
    We even tried the lending tree thing. I dont suggest using that method. They charge the mortgage company a $ 1200 fee witch is then passed along to you. We found our credit union to be the best choice for us. They were honest and provided us with a accurate Good Faith Estimate. I have used banks also in the past and they too can be a great option.. But you need to be careful they can charge large fees. rember you can negotiate your lender fees and do you home work Know what is a required fee and what isnt. Happy hunting!

  3. Reply
    DirectLendingPlanet
    May 16, 2011 at 6:15 am

    What i would avise is very simple instead of looking for the best lender look for the best deal. the fact you you need to refinance quickley before your credit is affected. the best thing for you is going to be a fixed rate mortgage plain and simple no suprises down the road with this type of loan and now the rates are fantastic!

    you have been placed in a ARM adjustable mortgage not what was best for you at the time im sure. you most likely became the victum of a broker just looking to close the loan with no consideration of your best interest long term!

    i would shop a few online sources and compare the rates and fees. below is a link to a loan comparison calculator this will show which loan saves you the most money over all!

  4. Reply
    Danno Soprano
    May 16, 2011 at 6:47 am

    Try lendingtree’s website.

  5. Reply
    evensonhimself
    May 16, 2011 at 6:55 am

    EASY Call me (jared) at 1866-928-9333 i’m a mortgage broker. rates are GREAT right now. if you qualify for a new mortgage you can get much lower than the 10. something on a fixed rate that will never adjust on you!

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