Mortgage Refinance Companies

[gazpacho]

I read some of the previous threads about refinancing. But, wanted to get 'up-to-date' opinions about good lenders. We currently have out mortgage through a local credit union. However, it has fewer options and isn't as competitive as other lenders. I read the rates will likely started going back up soon. So, we need to get the show on the road and decide on a lender. So, ladies--what lenders would you recommend? TIA!

[dr.girlfriend]

I really liked Wells Fargo. They had very clear and minimal fees, and they service their own mortgages, which means it doesn't keep getting sold around so you have to keep changing where you pay it. They were able to match the best rate on my initial and first refi with lower fees, but my second refi I got the rate through bankrate.com and it was a local company that offered a rate that WF couldn't match (2.75 in 2012). That company then sold the mortgage around at least three times, but it finally landed with a lender who again services their own mortgages so hopefully it will stay there until I pay it off.

[jordylee]

We are just finishing up our second refi this pandemic. We went with LenderFi.com this time and got a great rate with no fees. The process has been super easy and quick. Our first refi was with chase and it took forever and was frustrating overall.

[ohgillian]

Jan 15, 2021 7:03:37 GMT -5 jordylee said:

We are just finishing up our second refi this pandemic. We went with LenderFi.com this time and got a great rate with no fees. The process has been super easy and quick. Our first refi was with chase and it took forever and was frustrating overall.

Someone on here recommended LenderFi.com. I got a quote from them, and then I got Wells Fargo to match it, because Wells Fargo was my current lender, and they don’t want to lose clients. It was for you to get a quote from LenderFi.

[mrspickle]

We refinanced with Lenderfi and it was incredibly easy. We weren't able to get anyone to match them, but they were so easy to work with and had great customer service.

[freshsqueezed]

We just used Homefinity.

[k3am]

We got quoted rates with no credit pull from a broker, the local credit union, and two banks. BofA ended up being the best rate (by far) and they were able to commit to not selling our loan, which was an important factor to us.

[ohgillian]

Jan 15, 2021 14:36:21 GMT -5 melmaria said:

Jan 15, 2021 7:07:40 GMT -5 ohgillian said:

Someone on here recommended LenderFi.com. I got a quote from them, and then I got Wells Fargo to match it, because Wells Fargo was my current lender, and they don’t want to lose clients. It was for you to get a quote from LenderFi.

We had our prior mortgage with Wells Fargo (at 4%) and they would not match the 2.5% rate!  Best they would give us was low 3s.  Womp womp.

That's weird! But I also found that the WF rates were pretty uncompetitive so I wonder if they stopped matching b/c they were losing too much money. When I called them last Feb they were like, "sorry, we can't give you anything lower than what you've got." Which is why i went to LenderFi for a quote. 

It's all so weird and confusing. 

[froggy76]

I'm working on my second refi in 6 months. Last time I used better.com and I found the process to be pretty easy and transparent. I also got a large lender credit toward closing costs (I took a higher rate to get this), so they essentially paid me to refi. But they sold my loan immediately and that has been a bit of a pain- my payments didn't transfer to the new mortgage servicer properly and I need to call for a 3rd time to try to get it sorted out.

I'm currently doing a cash-out refi with Amerisave and their rates are really good but communication is awful. I only have one contact and I'm never sure exactly what's going on. But they have moved pretty quickly and we're almost ready to close after less than a month. Only time will tell if how it all turns out!

[kate1482]

We have always used our credit union in the past. We used rocket mortgage/quicken and was shocked at how easy it was. They got it done is less then 30 days and the rate was lower then anywhere else

[litasail]

We just finished a refi with better.com. It was very easy. Our first payment is due Feb. 1 and it hasn't been sold yet.

[Mushe]

Thanks for the push! I finally applied online and went with LenderFi. Here’s to hoping the process isn’t too crazy.

[simpsongal]

We dud Wyndham Capital - they were fine, I think Costco uses them too. Shop around, best advice we got.

[lilac05]

We found a local bank who offered a very competitive rate with no closing costs. No bargaining necessary and working with a helpful person every step.

[Violet]

I used Homefinity this year. It was easy enough.