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Old 10-13-2010, 09:37 AM
 
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We are looking to refinance our mortgage. We had a terrible experience when we went through a local mortgage broker to finance our home initially, and we would like to avoid another terrible experience. We prefer a local direct lender -- or at least an agent we can meet with face to face. We'd appreciate any recommendations. Thanks.
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Old 10-13-2010, 09:59 AM
 
Location: Summerville
7,934 posts, read 16,187,855 times
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Try South Carolina Federal Credit Union...
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Old 10-13-2010, 10:49 AM
 
36 posts, read 70,263 times
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Thanks OleTomCat. I tried contacting them yesterday and they said they would not be able to lock in a rate until a couple of days before closing...I was a bit leery of that. Don't know if anybody else has heard of such a thing?
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Old 10-13-2010, 11:44 AM
 
Location: Summerville
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Yes, it is called the floating rate, with rates in flux right now noone is locking in when they apply...
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Old 10-13-2010, 12:41 PM
 
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No, my Wellsfargo rate is lock in a month before the close and that's early this year. WF did not told me that I have to keep it floating, but once locked, I cannot unlocked it.
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Old 10-13-2010, 12:45 PM
 
Location: Summerville
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I have the option to lock or float, I went with floating, rate went down another half a point so it worked in my favor...
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Old 10-13-2010, 01:27 PM
 
36 posts, read 70,263 times
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JimmyCh, I take it you are / have refinanced with WF? Our current mortgage is w/ them, so initially I was just going to go ahead and refi w/them also. But I got a bit turned off after trying to call them back a day after getting a preapproval, and being told rudely that I need to wait until a processor contacts me ( in 14 business days) before I can ask any questions. I started searching for reviews on line and got concerned by the hundreds of stories of closings that dragged on for several months and some that never happened in the end. Just wondering what your experience has been with them. Thanks.

Last edited by adobe1234; 10-13-2010 at 01:47 PM..
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Old 10-13-2010, 01:28 PM
 
36 posts, read 70,263 times
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BTW, anyone ever worked with Lucey Mortgage in Mt. Pleasant? or Navy Federal Credit Union?

Last edited by adobe1234; 10-13-2010 at 01:59 PM..
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Old 10-13-2010, 02:27 PM
 
Location: Summerville
7,934 posts, read 16,187,855 times
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I have with NFCU...

They are good too..
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Old 10-13-2010, 02:41 PM
 
435 posts, read 779,048 times
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No, I brought a house. I am talking about refinance but the rate haven't drop significantly to warrant one because SC state law forbids no closing refinance. I will recommend military bank and insurance because they are actually the best if you qualify for them.
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