We signed our P&S on December 12, 2010 and closed on January 12 using CFM and I was impressed with their process and our closing went off without an issue.
Their rates were competitive and if you are buying new, you must close within 30 days. CFM uses this to their competitive advantage because most banks would not guarantee a 30 closing on a new piece of property. In the end, I found them easy and responsive to work with during the application and closing process. I can't speak to the competitiveness of their current rates, but back in December their rates were competitive.
Once we sold our home in MA on 7/29, we paid of our mortgage with CFM that day and just yesterday, I received a check from them for our escrow balance with a "thank you" and a list of things I was now required to do now that CFM was no longer our lien holder.
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Regards:
Dan
Natick, MA
Village of Buttonwood 1/12/11
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