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you would think sh21 would have thought to include that in the post to begin with.
I am curious too as to what the charge was for? So far, no additional charges since my closing date. In fact, my mortgage I got through AFMC is now serviced with Chase Bank, which I am happy about since I have an account with them and I can do almost everything online with them, which I love.
Mind you, I knew they sold off mortgages immediately after the loan has been closed on, so this might annoy some people. My coworker who got a loan through them a few years ago is serviced by Wells Fargo soon after closing.
I am curious too as to what the charge was for? So far, no additional charges since my closing date. In fact, my mortgage I got through AFMC is now serviced with Chase Bank, which I am happy about since I have an account with them and I can do almost everything online with them, which I love.
Mind you, I knew they sold off mortgages immediately after the loan has been closed on, so this might annoy some people. My coworker who got a loan through them a few years ago is serviced by Wells Fargo soon after closing.
I used AMFED for my refi about 6 months ago and had no problems - and NO hidden fees, despite what some who have never dealt with the company claim. I've been through no less than 9 purchases/refis in my life, so I know a hidden fee when I see one.
I would use them again in a heartbeat, and about the mortgage sale - yes, mine is with chase now as well, but they tell you in one of the first papers that you get that they WILL do this.
They are NOT too good to be true. I've rec'd them a few times and my friends are using them. A member of this board rec'd them to me (along with a RL friend) and I'm glad I listened.
I am using them now. so far so good. i didn't like the $1,000 lock rate fee though. i tried to get it waived but to no avail. anyone have any thoughts on that?
We got our lock-in fee refunded when we were turned down for a refi - less $300 application fee which we didn't pay up front. I don't think that per se is an issue.
Where we had a problem with AmFed is that we were denied a refi for a stupid technical reason that we think they should have foreseen. (Our income increased a lot in the past two years but it only shows up on one tax return so far - they need two years of tax returns. We got our original mortgage 14 months ago with no such requirement.) They dragged out our application for over two months with many requests for more documentation, all the while our agent saying "I think you're fine," "I'm sure they'll approve you." We were shocked when they rejected us. We felt he didn't know his job and cost us time and energy and maybe the window of current low interest rates.
Plus, after we were turned down, they offered us a much higher rate with the documentation we did have. It felt like a bait and switch.
well i hope that was more of an islolated incident then a frequent occurance! so far the reviews have been pretty consistently positive. I locked in 4.875% on a 30 yr fixed loan this past week with them, 50 day lock, zero points.
the only other concern I had was that the APR looked a little high (i guess that is due to PMI though). and the estimated closing costs on the GFE were estimated on the high side. i was told this was done purposely though and that my actualy closing costs will be lower than was is disclosed here.
they are legit, i used them 3 times. They do not charge any fees and will refund the $1000 lock-in fee at closing. Make sure you get that from them. Their rates are similar to all other brokers.
My only problem with them is they sell the mortgage to banks after 1-2 months of closing, and it sometimes cause confusion, like who to send the next payment to etc..
We went under contract yesterday, and need to get a loan now. We have 30 days to get the loan, and I would like to work with someone reliable. For those of you that had good experience with AFMC - please provide me with the name of your loan officer, and a phone number if possible. I need to get started on this right away, since I will be away on business for a couple of trips during the 30 day time frame...
We were prequalified by Wells Fargo (but then I saw this thread), so that's another option we are considering. Any thoughts on that?
Thank you, all!
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Need some pointers for AFMC
