Best mortgage co. out there right now?

[mizzou]

Moving soon, need a low rate with a good company. Found the following
30yr/fixed

USBank 4.2-4.3
WellsFargo 4.335
Citi 4.369-4.419
Commerce 4.107-4.221
Chase 4.198
BoA 4.231

I have Citi right now...not by choice, but they bought out my old mortgage co. Citi has been fine, especially when we refinanced it was very smooth.

 

[ultimatebob]

If you want to hear horror stories about their customer service departments, just do a Google search on their company name with the words "short sale" or "foreclosure" after it. Trust me, you'll read some great horror stories about Bank Of America and others.

 

[etrigan420]

Every bank is going to have their horror stories...we've had an excellent experience with Wells Fargo (including original purchase and refi), and they're supposedly one of the worst.

*shrug*

If you've had good dealings with Citi, I'd probably stick with them.

 

[Vincent]

Search on Zillow or take a look at the Fatwallet Finance mortgage thread.

 

[vi edit]

Who do you bank with right now? If the rates aren't too bad, look into financing with them and you'll likely move your checking account up a few levels and get some better perks.

 

[DesiPower]

Look at Zillow, last year two people I know went with the cheapest one listed there and actually got exactly what was advertized, no surprise closing cost, nothing. They had very good experience. It was some company based out of NY area.

There is nothing called "best company" whoever gives you the best lowest rate + closing cost combo is best for you. Just make sure you get all the details before hand so that there are no last moment surprises. Eventually all the mortgage brokers will turn around and sell it to someone else anyways.

 

[purbeast0]

navy federal

 

[dr150]

Every bank is going to have their horror stories...we've had an excellent experience with Wells Fargo (including original purchase and refi), and they're supposedly one of the worst.

*shrug*

If you've had good dealings with Citi, I'd probably stick with them.

Also had exceptional service with Wells Fargo.

I guess it really depends on the person handling the paper work. Word of mouth goes a long way.

The bittersweet problem with Wells is that it's very difficult to get qualified....but on the flip side it's why sellers respect seeing a pre-approved letter from Wells as it means the buyer has been vetted extensively. Sellers would rather work with a WF bid than with a dude with bumblefuck bank.

 

[rh71]

Good experience with Wells Fargo here. Always responsive and have had no snags. In NY they are also giving interest back on our escrow account. Not all banks do that either.

 

[alkemyst]

I'd avoid Citi. Just based on my own trainwreck they caused me.

 

[OILFIELDTRASH]

Wells Fargo and Colonial have both been great to me.

 

[UglyCasanova]

It doesn't really matter because it will end up at WF anyways...

 

[ImpulsE69]

ImpulsE Global Conglomerates International is pretty good. We'll never foreclose on you and we've only had to break 5 or 6 legs in the last 6 months. :thumbsup:

On a serious note, ours was sold to BoA years ago, and never had issues with them (as of yet).

 

[Pulsar]

Quicken.

 

[Tommy2000GT]

Wells Fargo will send thugs to empty your house out even if you don't have a mortgage at all.

 

[boomhower]

I've had a great experience with Wells Fargo. Began the mortgage about two years ago and they have kept it and not resold it. No issues at all. They don't have the best website in the world but it's serviceable. The process of getting the mortgage was a breeze compared to what I've read about online.

 

[RockinZ28]

I did Chase for mine, 30 yr fixed. All the big banks rates were crap tho, and their closing costs were huge. I only stuck with Chase because I met them in person, and they matched the rates and costs I was able to get from online lenders through Zillow.

 

[FelixDeCat]

 

[IndyColtsFan]

When I bought my current house in 2008, the mortgage was originally with Chase. Well, as everyone knows, rates started plummeting in late 2008 and through out 2009 so I decided to re-fi because Chase offered me a great deal. Or so I thought -- I had two groups of Chase trying to get me to refinance with them. The first group who contacted me offered me awesome terms and I started the process with them. The second group tried to tell me I didn't qualify for that first offer and actively tried to block it. Well, not only did I qualify for it, I pushed it through quickly before their bureaucracy could catch up and then once it was a signed deal, I reamed the second asshat who tried to stop it.

After that experience and several more significant rate drops, I refinanced with PNC and told Chase to go screw themselves. So I'd say avoid Chase.

 

[Thump553]

Like others said, every lender can have their own horror stories-after all, they do hundreds of thousands of closings.

That said, another positive vote for Quicken. I do a lot of work with them. Their service is (maybe overly) enthusiastic, their rates are very competitive and they are eating the competition alive.