How to choose a mortgage company? as the rate going down im checking the option to refinance my house?

Julietta
I got offers from various loaning companies, which things I should check in order to know the following:1. If this is a good company to work with2. If it is good for me to move my mortgage to them (other than closing costs and rate)

Jeramy
the rates are at 6.25% for 30yr fixed...you can probably get it at 6.125% with the right company.also depends on your LTV...credit score..loan amount...etcthere are a lot of companies that DONT CHARGE YOU closing costs...but Nothing in life is for free...so you will see their rates at 6.75% or 7%edit* 5.99% sounds like an ARM...30yr fixed is higher than that

Cortez
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Denise
i would ignore loaning companies altogether. the best way to get a refinancing option is through a mortgage broker. the loaning companies are looking out for themselves, a mortgage broker looks out for you. often the mortgage broker does not charge you. they get paid from those who wish to loan you money. How sweet is that ?

Cris
What it really comes down to is that your mortgage is a commodity. The only thing to really look for is who is giving you the best deal. Your best bet is to shop around and get each offer in writing and tell each mortgage broker/lender that you want all fees, rates, etc. listed and that you're comparing offers.The only thing to really look out for is a broker or lender who doesn't give you the best deal you're eligible for in order for them to make more money. This shouldn't be a problem if you shop around.Lastly, you're less likely to have difficulty with a broker that was referred to you by a close friend. If you need a quote from a decent broker, you can request a free quote from one of the partner brokers at http://www.finfo.com/lead/refinance Best of luck!

Emmitt
find a company that won't charge you closing costs or points, they're out there, also make sure the rate is under 7%, most are around 6.25%... just don't want to see you get ripped off