Has anyone in missouri refinanced their house lately? im looking for a good company to use?

Dorla
I live in Missouri, and I'm interested in refinancing my house. I've done a litte looking, and most of the big companies seem to be about the same in price and percent, but I've seen some smaller companies with lower percents and prices. I'm not sure which route to go, so I'm looking for some opinions on both the large and small companies.

Ilse
There's two types of BIG companies; Big brick and mortar banks/lenders and the Big internet based lenders.If you're getting better pricing from the small guys, then they are probably mispricing the loan or doing something funny.The big guys lend their own money thus cutting out the middleman, the broker.It's more complicated than that, but it's a valid generalization.Many small brokers don't do the volume to participate in what is called SRP- Service Release Premium. This is additional revenue beyond orgination fees and YSP - Yield Spread Premiums. (Oops, did I just let the cat out of the bag for some of you loan officers, just messin).So, many of the internet based firms do not have huge overhead with brick and mortar locations so they can offer really competative rates and fees because of lower overhead, but also they leverage technology to stream line the mortgage process saving there too. Also, they do huge volume so they commoditized the mortgage such that they often won't charge an origination or YSP and only earn their profit from the SRP (a number you will never see in the transaction...it's paid behind the scene, it's totally legit though, companies have to make a profit somewhere).I've been a broker for years and have had access to all the lenders, Wells, CW, B of A, etc...I bring 90% of my business to Amerisave now.You can check their rates and fees online 24/7.They do a rate comparison on their website, done by a third party (the same research firm that does those Progressive Auto Insurance commercials)Check out today's, they beat Bof A, Wachovia, Citi, E-Loan, etc...

Kum
Try the nations largest.www.wellsfargo.comIt worked for me!