Quote:
Originally Posted by Yankee Quilter
Is anyone out there, getting ready to close seeing raising rates. We were going to lock in tomorrow but the rates at Community have gone up from 3.5 with no closing costs to 3.75 with a 1/4 points in three weeks. Here in Atlanta they have gone from 3.65 to 3.25! We are concerned about going with another bank as we have heard they don't always close on time .... any thoughts? Thanks
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We closed on the 2nd, at 3.5%, they tried to bump us up to 3.62, I said I'll go to BB&T, they (Citizens) backed off.
Understand that every 1/8th of a point is only about $10 a month???????
As far as using any other bank, I believe it is unfounded that they may be late, but BB&T will be a bit lower than Citizen by an 1/8th or so.
Just lock in.....
BB&T contact is Juston on rt 466, nice guy.
But I must say Citizens closing other than an issue that was not in their control was very easy, 20 minutes, if you have $$ in their bank already U don't even need a check