WWYD & what are some good internet mtg co?

[StephMK]

We recently moved out of state & had to get a higher interest rate on our mortgage since our old place hadn't sold yet. We were told we could re-fi once it sells & it has. My husband works for the place that did the loan & they can do the re-fi. My question is - would you keep it w/them or shop for a lower rate elsewhere? There was a small credit towards closing costs but no rate breaks or other advantages.

We'll save $55 a month just by the re-fi. The difference in P&I between his employer re-fi rate & some rates I've found online is an additional $41. I'm tempted to go for the lowest rate possible & save the $ but wasn't sure if I'm looking at all angles.

Has anyone used Eversave Bank or Priceline? They seem to offer good rates but not sure if they are the true rates once the app is submitted. We have good credit scores & plenty of cash now.

Thanks for any advice!

 

[mckinley]

I work for an Abstract company and we do alot of closing for banks & finance companys. You are better off in the long run to stay local than to find a company far off & on the internet. I have seen were one company charged this certain couple over $3,000 in closing costs just for getting a mortgage with them. That was crazy! However they might of not been able to get a local bank to lend them money and had to use a company like this.

I would say from my opinion stay local with your Mortgage it will pay off in the long run.