Quote:
Originally Posted by Conissah
Sorry for OT, but as someone who will be mortgaging their first house soon, is this a preferred site to check rates?
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I used Sebonic / Cardinal Financial from Bank Rate for a small mortgage on a vacation condo last year because they had the lowest rates / fees I could find. Overall it went ok, but they are pretty stringent once you lock rates and there are no options to float down if rates further decrease. You are basically stuck paying extension fees. This is not unusual for lenders but they have zero wiggle room while others may have some. When our (new construction) condo was delayed, I had to negotiate with the seller to pay extension fees, which they sort of did so it worked out in the end.
The only other issue I had with them is they sold the loan to a shit outfit last month and that Company’s customer service sucks. But that can happen with any lender.
Our primary home is with Quicken Loans. Their customer service is excellent but they couldn’t match what we got from Bank Rate.