 Quote:
|
Originally Posted by brewer12345
The mortgage industry is rife with sleaze and is about as opaque as any consumer-oroented industry I can think of.*
|
We've shopped mortgage loans for over 20 years and we've always come back to our credit union.
Lower interest rates, fewer PMI restrictions, and way lower financing fees. Sometimes the home's in a database and doesn't even require a $400 appraisal. If you're required to have an escrow account then you'll probably actually earn some interest on your deposits.
We've shopped around on title companies, too. It helps to tell TC1 that TC2 is only charging $1400 instead of $1850 or that you're planning to buy several rental properties over the next few years. When we've refinanced we've obtained similar savings by asking them to re-issue the current title insurance policy instead of starting from scratch.
__________________
*
*
For more info see "About Me" in my profile.
|