Service 1st Mortgage Inc..Has anyone used this company? (mortgage broker, refinancing)

[kkn006]

Can I get information about the Service 1st Mortgage Inc?

I received a letter from the Service 1st Mortgage Inc about refinancing my FHA loan. Does any one have any idea about this company.

Is it trust worthy? Has anyone used it? opinions pls.

Any suggestions on refinancing my FHA loan?

[chicagocubs]

It sounds like a mortgage broker. My advice would be to go to your local bank and refinance that way.

[mrtgman]

Cubs, Your very wrong there. A good, reputable broker will beat a bank everytime. I know I get people calling me all day long because the guy at the bank is not licensed or properly trained.

[browngeo]

I would actually agree. The local Banks are not getting back to customers in a timely manner due to the refi boom and the rates are typically better with a broker or correspondent lender.

[Appalachian]

I'd just check with the NC Commissioner of Banks and if they seem to be credible then I'd give them a call. I send out quite a few of these letters per week as I am also a mortgage broker. Rates are great and everyone is refinancing. The only thing most of my clients aren't too pleased with is the amount of time it is taking due to the lack of underwriters so it is taking almost 2 weeks in underwriting alone with some lenders/banks.

Hope this helps!

Jonathan
7047147081

[gustroh]

Well, what about the original question about the Service 1st Co? I,ve received a letter also.

[gkleoni1]

For anyone ith an FHA make sure you ask about a Streamline refi. It is faster and less expensive. It does not allow you to pull out equity but will get you rate down if that is your goal.

[chicagocubs]

But, what about the broker fees? What is the percentage?

[treasureone91]

So, I take it that the answer is no one has worked with Service 1st Before!!

[Chromekitty]

Check with the BBB....