U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-22-2008, 05:25 PM
 
130 posts, read 425,529 times
Reputation: 50

Advertisements

My broker is giving good rates with these banks. Is it a good idea to go through local banks for mortgages?
Reply With Quote Quick reply to this message

 
Old 09-22-2008, 05:32 PM
 
Location: Stewartsville, NJ
7,577 posts, read 19,133,387 times
Reputation: 1241
I think so... I've been using Valley national for years for auto loans. I have never had any issues with them.
Reply With Quote Quick reply to this message
 
Old 09-22-2008, 05:54 PM
 
Location: New Jersey
7,440 posts, read 10,786,286 times
Reputation: 6475
Depends on the rates and fee's.
Reply With Quote Quick reply to this message
 
Old 09-22-2008, 06:05 PM
 
130 posts, read 425,529 times
Reputation: 50
6.125
10% down
30 year conventional
Reply With Quote Quick reply to this message
 
Old 09-22-2008, 06:40 PM
 
Location: New Jersey
7,440 posts, read 10,786,286 times
Reputation: 6475
Quote:
Originally Posted by skapur View Post
6.125
10% down
30 year conventional
10% down will add PMI.

If you can get 20% down Investors Savings 30 years at 6.00% convent.
Reply With Quote Quick reply to this message
 
Old 09-22-2008, 06:45 PM
 
130 posts, read 425,529 times
Reputation: 50
20% down is not possible at this time and my credit is not that great. 647 mid score.
Reply With Quote Quick reply to this message
 
Old 09-22-2008, 10:00 PM
 
5,342 posts, read 11,817,001 times
Reputation: 1159
I've liked Valley in my dealings with them.
Reply With Quote Quick reply to this message
 
Old 03-13-2009, 10:35 AM
 
2 posts, read 13,168 times
Reputation: 22
Default Valley national bank refinance

I've been quoted $499 closing costs and a 4.99% 15 year $150,000 Refinance. They want one point to lock in the rate which is refundable at closing. Any comments on this deal...rate and closing costs?
Reply With Quote Quick reply to this message
 
Old 03-13-2009, 10:42 AM
 
Location: Splitting time between Dayton, NJ and Needmore, PA
1,185 posts, read 3,176,280 times
Reputation: 741
FWIW, I would prefer dealing with an established local bank. But I would also do research on their solvency. Both Valley National and Malvern have good reps among some of my tightwad friends.

Another option, though a lot more difficult to get in with if you don't already have an account with one, would be a credit union or CU.
Reply With Quote Quick reply to this message
 
Old 03-13-2009, 12:05 PM
 
Location: New Jersey
1,449 posts, read 2,763,095 times
Reputation: 324
another thing to consider is seeing what the bank's history is with regard to selling their mortgages -- for example, I know people who got decent mortgages from Spencer Savings Bank, then their mortgages were sold & the new owner of the mortgage changed the provisions drastically...
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey
View detailed profiles of:

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top