I am interested in refinancing my current loan to a fixed rate 30-yr loan. I’d prefer to deal with a lender that is in california. any recommendations? i’d like to hear about your personal experience with the company recommended. thanks!
5 Comment(s)
I would highly recommend Ditech.com. They’re out of California but you access them through their website. We had a perfectly wonderful refi with them that went very quickly and without any unpleasant surprises.
There is no one lender that is best for all situations.
It all depends on your credit score, type of property, length of loan, etc. You just have to shop them to find the best deal.
We have used a mortgage broker in the past. They run your information through a number of lenders and come back with the best deals they can find.
Some will say that brokers make money off your loan. I understand that they do, I still compare the programs to find the best for me. I don;t care what they make as long as it is a good deal to me.
Any lender that will do the loan. It really doesn’t make a difference in who does it as many loans are sold on the secondary market and that is a part of RESPA so your loan may never remain from start to close with the same lender
I am a Mortgage banker in TN & KY
There are certainly a lot of options out there. It really depends what you’re looking for. A big lender will generally charge more fees and a slightly higher interest rate. If you want to be able to walk into a bank such as Wells Fargo to make your payment or to discuss your loan that it may be worth it for you to pay higher fees and a higher interest rate. Generally a smaller direct lender or a mortgage broker will be able to give you the best possible interest rate and fees.
My refinance was ultimately done through a local broker here in Southern California. I used a great website to find the broker. The website that I used will eliminate the fees involved in doing a refinance. It’s a pretty cool concept. Hope this helps.
I would highly recommend Ditech.com. They’re out of California but you access them through their website. We had a perfectly wonderful refi with them that went very quickly and without any unpleasant surprises.
AUTUMN M | Jul 27, 2009 | Reply
There is no one lender that is best for all situations.
It all depends on your credit score, type of property, length of loan, etc. You just have to shop them to find the best deal.
We have used a mortgage broker in the past. They run your information through a number of lenders and come back with the best deals they can find.
Some will say that brokers make money off your loan. I understand that they do, I still compare the programs to find the best for me. I don;t care what they make as long as it is a good deal to me.
Tim | Jul 29, 2009 | Reply
Any lender that will do the loan. It really doesn’t make a difference in who does it as many loans are sold on the secondary market and that is a part of RESPA so your loan may never remain from start to close with the same lender
I am a Mortgage banker in TN & KY
golferwhoworks | Jul 30, 2009 | Reply
There are certainly a lot of options out there. It really depends what you’re looking for. A big lender will generally charge more fees and a slightly higher interest rate. If you want to be able to walk into a bank such as Wells Fargo to make your payment or to discuss your loan that it may be worth it for you to pay higher fees and a higher interest rate. Generally a smaller direct lender or a mortgage broker will be able to give you the best possible interest rate and fees.
My refinance was ultimately done through a local broker here in Southern California. I used a great website to find the broker. The website that I used will eliminate the fees involved in doing a refinance. It’s a pretty cool concept. Hope this helps.
csulbrover | Jul 31, 2009 | Reply
Here is the source which I know who offer mortgage refinancing within California and many other states. I had used services few months before.
Laurence S | Jul 31, 2009 | Reply