by marsmet526
Question by MJ: What are the risks associated with refinancing home loan with a local lender instead of the big companies?
we are in the process of refinancing our home & i recently submitted my contact info online & i’m receiving calls from many of the local lenders, clinic here Can anybody let me know if there are any risks associated with the small companies instead of going with big banks like Wells fargo , about it BOA or WaMu ..
Thank u in advance …
Best answer:
Answer by Brenna
It’s extremely important to understand that with a little time and the right approach getting the absolute best mortgage refinancing is not a huge problem.Companies/businesses that arrange financial products of this natureenter into some research and groundwork on your own because the Internet can equip you with an absolute pot of gold of very helpful data when it is essential that you get the best mortgage refinancing.
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Question by RAYMOND H: Where can I go to find the most current mortgage interest rate that is updated daily or very frequently?
I am looking to refinance but it seems there is no reliable source for the most current interest rate. The rate quoted or listed on any site can vary as much as 0.75%! Is there a gov site or a nonprofit site to check for 30yr fixed rate daily?
Best answer:
Answer by golferwhoworks
none. rates are by area and lender specific. they do vary as what you see published any where never takes into account any hits that your loan may get. FHA has announced some guideline changes just today. So, this web get with a mortgage professional in your area to get rates
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Try Bankrate.com Follow the prompts for your specific state/city. OR contact a local community bank and they will be more than happy to help you and make sure you get the best deal.
Best of luck
http://www.Bankrate.com is an excellent source.