Best places to apply for a refi?

[IZZy]

I have a rental property that I am looking to refinance since the rates are so low right now, I know a lot of people are doing it so where are you guys getting your refi’s done at?

Izzy

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[bikrboy128]

I'm going through first centennial bank. Their rate was much lower than any of the big banks, closing costs are reasonable too.

 

[boostedguy05]

Apply everywhere but within 3 days of each other so its only 1 hit against your credit.

 

[IZZy]

Thanks for the suggestions guys

 

[Gamble]

I got a girl who did my first loan and working with her on a refinance. She is awesome. PM if you want her info

 

[sickmint79]

i'd always recommend taking a look at penfed.org

 

[willizm]

i'd always recommend taking a look at penfed.org

I agree, PenFed is pretty damn great.

 

[b00sted]

Nick Golob @ Crown Mortgage in Oak Lawn - 708-398-2005

I deal with them often and it's always a smooth transaction. They're a smaller place, but still lend their own money, so they're very quick to close. Much better than trying to deal with the big lenders where you have to go through 15 different people to get a straight answer.

 

[blakbearddelite]

I'm still kicking myself, I wish I had waited a little longer, as rates dropped even lower than when we refinanced over the summer. Oh well, we still went from 4.625% to 3.37%. It looks like our bank is now offering sub 3% rates.

 

[bikrboy128]

I'm still kicking myself, I wish I had waited a little longer, as rates dropped even lower than when we refinanced over the summer. Oh well, we still went from 4.625% to 3.37%. It looks like our bank is now offering sub 3% rates.

I'm locked in at 2.6%, down from 3.8%. You almost can't finance a used car for that rate, but they'll give you a 30 year loan.

 

[Dave M]

Danny Gore, Loan Depot.

He's refi'd me a few times with zero cost, and we are currently doing another refi going from 3.25 to 2.85.

Danny Gore NMLS#223780
Loan Consultant

(847) 504-0259​

773-213-7118​

(847) 574-8026​

[email protected]​

https://www.loandepot.com/dgore​

 

[Rent Free]

TCGStacksofAmerica



Penfed gets my vote.

 

[sickmint79]

i kinda feel like there is a fair amount of inflation coming, at which point it's good to have debt as (as long as you can service it) it gets easier to pay off and disappear; the high inflation means the economy is probably a bit fuuuucked but this does mean your debts go away dramatically. so i would kinda like to have a decent outstanding loan of some size at the moment, which i don't for the first time in forever.

 

[Kaeghl]

bankrate.com has some comparisons to go against
I was looking at https://www.interfirst.com/

 

[IZZy]

Thank you all, I’ve put in a few apps let’s see what kind of rates I get

 

[FirstWorldProblems]

i kinda feel like there is a fair amount of inflation coming, at which point it's good to have debt as (as long as you can service it) it gets easier to pay off and disappear; the high inflation means the economy is probably a bit fuuuucked but this does mean your debts go away dramatically. so i would kinda like to have a decent outstanding loan of some size at the moment, which i don't for the first time in forever.

Low interest, incoming inflation, and relatively stable careers is why I don't mind spending more than I ever thought I'd spend on my next house lol

 

[sickmint79]

Low interest, incoming inflation, and relatively stable careers is why I don't mind spending more than I ever thought I'd spend on my next house lol

i don't like the headache of renting out a house, especially if i'm on the other side of the planet, i do like the idea of carrying 200k of debt right now though. which is admittedly a weird thing to say lol

 

[Intel]

i don't like the headache of renting out a house, especially if i'm on the other side of the planet, i do like the idea of carrying 200k of debt right now though. which is admittedly a weird thing to say lol

Thats what property managers are for.

 

[DEEZUZ]

So what's hottest thing right now. I got usda Wells Fargo loan. Do I just contact them

 

[bikrboy128]

So what's hottest thing right now. I got usda Wells Fargo loan. Do I just contact them

Contact them and see what rate they'll give you. Wells Fargo is pretty competitive with their rates

 

[IZZy]

Welp first centennial came back with a 2.1% for 15 years and Penfed at 2.2, the fees for FC are cheaper though.

 

[Yaj Yak]

15 years are awesome.

 

[DEEZUZ]

15 years are awesome.

I'm 6 years in, owe 125k. What should I do

 

[Yaj Yak]

I'm 6 years in, owe 125k. What should I do

what's your current rate
do you plan to move soon
do you have pmi
what's your current term

 

[DEEZUZ]

what's your current rate
do you plan to move soon
do you have pmi
what's your current term

4.375
5 years
Yes but it's not pmi it's usda so it was 1% up front and small fee throughout loan(less than normal peoples pmi though)
30 years