[dwhite5773]

I would not use Citizens First Bank to refinance a dog house!

[wwwson]

Originally Posted by My Daily Run

Looking to refinance...any advice...lenders...pros and cons...would love some ideas...Citizens First vs. other lenders

I would highly recommend speaking with Patrick. Although he is my nephew and yes I am biased, he just did a refinance for my son and he was working with a friend in the Villages recently too. His rate to her was better than any she shopped locally.
Feel free to tell him Uncle Billy sent you.

Patrick Gibson
United Northern Mortgage Bankers
845-590-2839
914-268-9338

[DAVES]

Originally Posted by My Daily Run

Looking to refinance...any advice...lenders...pros and cons...would love some ideas...Citizens First vs. other lenders

Refinance. Beware of the gotchas. We have our mortgage with Citizen's First. It is a 15 year mortgage and we've been paying for 8 years. First of all mortgage interest is paid first and then you pay more and more of the principle. Thus, if you refinance the actual interest you pay is far more than what was quoted on your original mortgage that you agreed to. Also, not a surprise, even though Citizens First has our current mortgage, we have top credit scores, they still will charge you closing costs. In the end, it just did not make sense to do it.
Just beware and after you get the numbers be sure to to consult with an accountant.
I foolishly expect sanity. With the average age here being 70, I will use that as my number. A bank cannot deny you, if, you are credit worthy a 30 year mortgage at age 70.
Chance of ever paying it off is about as close to zero as you can get.

[Curtisbwp]

Citizens is quick and efficient.
What is your present interest rate, 2% or more is worth it. Why refinance? For additional cash? I have refinanced my home twice. Once to lower my interest rate and payment. Second because i own land in another state and decided i wanted to build a house on it and needed cash. My principal and interest is now $419.00.
And do not forget the closeing costs.

[eschiavo]

Always had great service and low rates with Quick and Loan. With rates so low worth adding your closing cost to loan.

[PJackpot]

We used the new VyStar credit Union up by Lowe’s. Great rate and zero closing costs, providing you don’t pay off the mortgage within three years. And when they say zero, they mean zero, zip, nada.

[Ann Marie Acacio]

We just refinanced 2 months ago and researched several prospects. Best was Guaranteed Rate @ 2.375 with no points! Citizens First told us that to "stop shopping and lock in that rate!"

[Ann Marie Acacio]

Originally Posted by Ann Marie Acacio

We just refinanced 2 months ago and researched several prospects. Best was Guaranteed Rate @ 2.375 with no points! Citizens First told us that to "stop shopping and lock in that rate!"

Contact Kyla DeMarzio and tell her I referred you...
kyla@rate.com.

[CWGUY]

Originally Posted by dwhite5773

I would not use Citizens First Bank to refinance a dog house!

I think dog houses are against the deed restrictions.

[petsetc]

I closed my refi in September at 2.75 for 30 years fixed. My total closing costs, which I rolled in to my refi were about $2,500. (refi amount around $200K)

I chose to do 30 yrs since 2.75% money is cheap. I could have gotten 2.5%, but the closing costs would have been about $3,000. higher (although payback would have bee only about 62 months).

I did it all on-line ending up using lower.com (Homeside Mortgage LLC) which I found through LendingTree. It was a bit painful, but no more so than having the local guy do it.

I would do it on line again.

JMHO