house refi

RodneyWright · **Posted:** Sun Jan 29, 2012 12:17 pm

I'm to the point where I need to start considering refinancing the house since I'm carrying both the primary and secondary mortgage and not get tagged w/ PMI crap. Rates are low right now and I need to move forward. Any recommendations on where to shop for home loans? Going to hit my primary lender and SECU this week, but wanted some additional options.

Jason Mauldin · **Posted:** Sun Jan 29, 2012 12:47 pm

Coastal federal credit union is down to 3.something..

You don't have to me a member to get a home loan there.

Carlton Whitehead · **Posted:** Sun Jan 29, 2012 12:47 pm

I just did a refi on mine. bankrate.com is a good place to find what kind of options are out there. I got quotes from a few different places before I ended up going with one that I found there.

DickRasmussen · **Posted:** Sun Jan 29, 2012 1:56 pm

It probably has changed now (for some reason . . .

) but in late 2002 and early 2003 B of A was a good place to get competitive rates and very convenient service if you were a long time customer.

Also check out State Farm Bank for home and auto loans. Also check out their interest rates for deposit accounts. I was VERY surprised when our agent told us the rates for the new Mustang and for the deposit accounts. Ended up "refinancing" the brand new car loan to State Farm and moving "almost zero interest" money from B of A CD and Savings to State Farm.

Dick

Cash Davidson · **Posted:** Sun Jan 29, 2012 3:34 pm

I did Quicken Loans 3 years ago. They were great - fast, easy, great rate, low cost. Let me know if you want a contact.

Matt McGrain · **Posted:** Sun Jan 29, 2012 4:42 pm

I probably wouldn't recommend SECU if you want to move it something along the lines of a 15 year fixed (guessing). They're usually only competitive on their ARMs.

I agree, rates are ridiculous right now and refinancing is the way to go if you're not planning to move for several years.

Jordan Normark · **Posted:** Sun Jan 29, 2012 6:35 pm

I also recommend Coastal Federa Credit Union, although hesitantly. We refinanced our primary residence with them in November. Their responsiveness to questions via email was slow or non existant and my phone calls always rolled to voicemail. However, after shopping around locally their rates and fees were the lowest I found and we closed on time.

Here is link to their rates updated daily.

http://coastalfcu.mortgagewebcenter.com ... asp?bhcp=1

Ryan Holton · **Posted:** Sun Jan 29, 2012 7:25 pm

Timely thread

Funny its Coastal Federal Credit Union, yet none are on the coast.

steve remchak · **Posted:** Mon Jan 30, 2012 10:16 am

Bart Poynor bpoynor@primelending.com

try this guy. he is vey willing to provide info without high pressure sales pitch.

JimFowler · **Posted:** Mon Jan 30, 2012 11:01 am

This fellow arranged refis for me and several of my coworkers a while back.
The rates were competitive and the origination fees were much lower than the local credit unions.
He was easy to work with. One note, in case it matters to you. The loan was flipped before we even closed.
In the end, the mortgage was serviced by GMAC.

Chris Zellman
Phone 919-929-6116 x 227
czellman@cimginc.com
www.cimginc.com

Les Davis · **Joined:** Fri Aug 29, 2003 2:04 pm **Posts:** 2059

I can also recommend Coastal, I'm doing my third refi with them right now. Locked in at 3.75 on a 20 year. The fees this time around are higher than they were 2 years ago, not sure if that is a Coastal thing or if its that way with everyone. In the past and this time around they have been very reasonable to deal with and its very convenient for me since Coastal is my primary bank.

clinehall · **Posted:** Mon Jan 30, 2012 2:55 pm

Ryan Holton wrote:

Timely thread

Funny its Coastal Federal Credit Union, yet none are on the coast.

RodneyWright · **Posted:** Mon Jan 30, 2012 6:39 pm

Citimotgage currently holds my primary note and they are offering 3.25 for a 10 year fixed. I did call Coastal Federal and they have 3.00 listed for a 10 year fixed. Waiting to hear back from them. SECU completely missed the mark w/ offering 4.75 at a minimum of 15 years, no 10 year option. Hope to press forward this week.

Jordan Normark · **Posted:** Mon Jan 30, 2012 8:34 pm

Good luck getting them to call you back. I had to be persistent with them in order to give them my business. On a side note, it is amazing how cheep money is right now.

Brian Marks · **Posted:** Tue Jan 31, 2012 12:22 am

have been using Wells Fargo for about 10-11 years. Between primary, investment, and refinancing, I've had probably 5-7 mortgages with them, always excellent service. The guy has become a personal friend at this point and is a car guy to boot!

Scott McCorkle

Private Mortgage Banker
Southeast Division
NMLSR ID 455535

Wells Fargo Private Mortgage Banking l 150 Fayetteville Street, 7th Floor l Raleigh, NC 27601
MAC D0182-072
Tel 919-881-7320 l Direct Fax 866-711-6424

www.wfhm.com/scott-mccorkle

THSCC Forums

house refi

Who is online