Mortgage Brokers

Anyone know what is up with National City Mortgage? I tried to call my prior loan officer to refinance but the phone number does not appear to work anymore. I know they were purchased by PNC but I have been unable to reach anyone to discuss refinancing.

 

30yr?

 

If you currently have your mortgage through National City, why would you refinance with them? I would think you could do better elsewhere.

 

That's an excellent rate. Can you share who you used to refi? My coworker's fiance was unemployed recently like you but when he found employment and tried to refinance was declined. His fico score is excellent. I would like to pass the information on to him.

 

Great, now you've got me worried. I hope to close this week, but I've only been on the new job for 3 weeks...

I used Costco -> Lending Tree -> SurePoint Lending

I'll PM you with the contact info. of the Loan Advisor I'm working with.

 

Thanks so much for passing along the information.

They're not sure what the "true" reason is for the declination but they surmised it had something to do with length of his employment. They're inquiring with 2 other mortgage companies as well so hopefully something will come through.

 

I think you may have nailed it. 4.5% seems to be the bottom and I'm so glad I did this when I did...of course finding a job when I did also helped this happen. Now that I'm saving money on my mortgage it's time to start saving for the kid's college...well maybe I'll put off throwing any more $$ at the 529 a little longer and finally do some much needed landscaping.

Thanks again for all of your advice!

 

Another +1 on Will Roberts. He doesnt waste any time, and tries to work with lenders that do not take excessive amounts of time doing their diligence.

 

We are in year five of a three year ARM. Originally our rate was 4.25%, with the interest rates falling we are now at 3.25%. Every year my interest has gone down since the ARM matured. Now when the rates go up I know my loan will go up, but I will always be 1% above prime, they can't ever go higher. I have no idea how I got so lucky, but I did. I'm sure I will have to refi at some point, but that is at least 5 years down the road, and since our low interest rate allows us to pay extra into the principal each month we should have decent equity by then.

Our bank is Astoria, but I don't remember the name of the broker. He may not even be around anymore, haven't heard from him in a while.

Marianne

 

Wanted to drop in a recommendation for Will Roberts (Potomac Trust Mortgage) (703-250-4418) for refinancing.

The service provided can't be any better. Closing was done on the 24th day after locking the rate. He patiently addressed all my questions and regularly kept me updated all through out the entire process.