Fonville Morisey Realtor offices mortgage services or ?? (Cary, Apex: mortgage broker, refinance)

[K. Dunn]

Hello! Well were getting a lot closer. Just got back from a few days of scouring all over Cary/Apex/Holly Springs for my favorite neighborhoods and checking out all the very nice homes in the area. We have been working with a Fonville Morisey Agency out of Cary [Diana Kaeser Realty office] and have been very happy with the attention and follow-up from our Realtor that we have picked and now I have met in person [she gave me a nice tour too]. Plug to Autumne Bennet!

Now we are looking into the Mortgage side and I have started dialog with FM's own Lending services since they are basically a broker thought it would be good to shop through them for the best rate. Anybody out their have good or previous dealings with the Fonville Morisey [FM] Mortgage Services and can tell me about it?

Of course I am open to other suggestions too. Would love to find a great local bank that also we can get our local competitive mortgage from too, so we can keep it all in the community that we want to live in. Any comments or answers will be appreciated! Ciao.

[Starglow]

Shopping for the right mortgage can be just as daunting as finding the right home to buy, but it is very important to do your research and shop around for the best deal. There are many factors that determine what kind of mortgage package you qualify for including any down payment and your credit history.

Don't shop based simply on interest rates alone since mortgage brokers will offer "teaser rates" only to make higher profits on the back end with costs associated with the loan such as points, loan origination fees and expenses. Make sure you get a "truth in lending disclosure statement" from all potential lenders which is required by law and lists all costs and fees associated with the loan origination. Again, look at the total costs for the entire loan package and not just the interest rate.

Also understand that your mortgage can be resold to another bank or mortgage lender at any time without your consent although the original terms of the loan can not be modified from the original loan agreement. It's great to shop local and compare rates, but that doesn't mean your mortgage will necessarily stay local. We refinanced and our mortgage was resold before we even made the first payment on the new loan!!

Good luck on your home purchase.....!

[MikeJaquish]

Kevin Martini
Suntrust
919-274-3700
One of the best

Kathy Chorba
BB&T
919-319-4846
Another one of the best

Steve and Eleanor Thorne
Meridian
649-5057
Been at it a long time.

Austin Herbert
DNJ Mortgage

The credit unions do a good job, too. Are you a member?

There are too many great people in the business to do anything but stay local. No need to even consider a Lending Tree or other out of the area on line loan broker.

[tarheel7777]

I actually went through FM Lending for my mortgage. I was talking to about 3 different brokers at the same time, and they just came through with the best deal for me. But your situation will be different.

They did tell me, though, that they are just a broker and that the loan would be immediately sold. They sold it to BB&T and I've paid BB&T ever since. (This was a little over a year ago).

I would just make sure that you really shop around. I would literally call one broker, get his terms, and then call the other two to see what they could do.

[kaitymart]

we actually just refinanced through Zillow. check it out.

[K. Dunn]

Thanks again, for all the good suggestions. I was also looking into using Suntrust as a local bank, so I might give them a shot at it too. Our credit rating is Tier A in the 800+ zone plus we will be coming in with about 20-25% down which should help too. I just believe in giving my business to a reputable local company that is competitive and will treat us good. Sounds like we have some choices which is good to hear! Ciao!

p.s. Not a member of anything yet in the Triangle area. Currently we are a Wescom CU member over here in CA and we have accounts at Citi-Bank.

[gball721]

Originally Posted by tarheel7777

I actually went through FM Lending for my mortgage. I was talking to about 3 different brokers at the same time, and they just came through with the best deal for me. But your situation will be different.

They did tell me, though, that they are just a broker and that the loan would be immediately sold. They sold it to BB&T and I've paid BB&T ever since. (This was a little over a year ago).

I would just make sure that you really shop around. I would literally call one broker, get his terms, and then call the other two to see what they could do.

Same here. We went through FM Lending also, and loan immediately went to BB&T. Satisfied customer.

[VickiR]

FM Lending is local and each office has 1 or 2 lenders. My clients use them but I also have other lenders. Realtors do not get any type of "kickbacks' from lenders, either in their office or others that they refer.

The benefit is that they are convenient and since loan processing is taking longer now, due to re fi's, FM Lenders know that they must get a buyer to closing and THEN take care of the re fi.

I've only had 3 clients ever use any type of internet lending and each and EVERY TIME, it was a mess. And since their office could be in some town 5 states over, I can't go into the office and argue with them to get my client to closing.

Check RATES and FEES and always get a good faith estimate from any lender.

You could always take the GFE from another lender back to FM Lenders and they will match it if they can. Just a thought!

Vicki