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Can anyone recommend a reliable mortgage company in the Charlotte area? I wasn't sure if anyone had any recent purchase transactions with a company and were pleased with how things were handled. We have seen some smaller firms offering rates lower than the big banks, but don't know much about them. Not sure if we should stick to the ones with the big names so to speak.
I respectfully disagree. When we were shopping for a mortgage, we spoke with four banks directly, as well as with two different mortgage brokers. The mortgage broker we chose worked very hard to earn our business, and got us a 30 year fixed rate mortgage that we were comfortable with. Even with his fee, the amount needed to close was lower than what the banks quoted us.
Of course, we were shopping for a loan in November/December 2008, so maybe things have changed. Still, I think it is wise for anyone who is looking for a mortgage to talk to multiple companies to find a loan that works best for them.
Quote:
Originally Posted by chicagocubs
Please go to a bank directly. You will save A LOT of money!
I respectfully disagree. When we were shopping for a mortgage, we spoke with four banks directly, as well as with two different mortgage brokers. The mortgage broker we chose worked very hard to earn our business, and got us a 30 year fixed rate mortgage that we were comfortable with. Even with his fee, the amount needed to close was lower than what the banks quoted us.
Of course, we were shopping for a loan in November/December 2008, so maybe things have changed. Still, I think it is wise for anyone who is looking for a mortgage to talk to multiple companies to find a loan that works best for them.
I agree...
We also checked out two other banks. The rate and fees with the mortgage company were cheaper and I thought he really WANTED our business. He would respond to emails almost immediately, came to the closing, and still checks in to make sure we do not need anything.
Please go to a bank directly. You will save A LOT of money!
Ahhh chicagocubs, some people just don't learn. I agree brokers will always -or at least more often than not- be more expensive and "craftier" than going to the bank directly.
I'd advise too to go to the bank directly but DO ask questions about the loan officer experience, etc, do your homework and don't expect the loan officer to do everything for you, get involved for chriss sake, this is a big deal, too many people took the casual approach when it came to their mortgages.
call Jenny Stoner at Suntrust Bank here in Chlt. (704) 246-3044. she's done two residential mortgages for us and is the best of about 5 I've used in the past 12 yrs.
Ahhh chicagocubs, some people just don't learn. I agree brokers will always -or at least more often than not- be more expensive and "craftier" than going to the bank directly.
I'd advise too to go to the bank directly but DO ask questions about the loan officer experience, etc, do your homework and don't expect the loan officer to do everything for you, get involved for chriss sake, this is a big deal, too many people took the casual approach when it came to their mortgages.
I am always more confortable with brokers for YSP disclosure alone. Banks can bump up your rate on the back to earn more money and NOT disclose it to you where as brokers at least have to disclose. They may not explain it to you but it will be on your paper work and if you ask you will find out you could have gotten a lower rate...
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