[Nacoma]

Hi all, we’re looking to remortgage so we can lower our current interest rate on our home here in The Villages. Does anyone have any recommendations of any local banks and/or mortgage companies here in the area that you would suggest we contact? Thanks all for any help! :-)

[kathyspear]

You will probably find the lowest rates online (LendingTree.com or BankRate.com). A company called Lendova (which has good reviews) offers 2.625 for a 30 year fixed. YMMV.

kathy

[Dond1959]

First step is to go online and see what the current rate is for your specific circumstances. Go to Aimloan.com or Lenderfi.com. Both allow you to put in your specific information and will give you various products available including closing costs. You do not have to give personal information to receive rates and closing costs at these two sites. It takes about 5 minutes to get your rates. Other online sites you have to give email and phone number and you are bombarded with calls over the next two weeks.

If you don’t want to go online (which tends to be the cheapest) you can go through a local mortgage broker, local banks, or local credit union. You can also check out the rates and costs from large mortgage companies such as Wells Fargo, BofA, Chase, etc. Many of the bigger companies do have rates online but sometimes costs are hard to find. This is a major financial transaction for you and saving even 25 basis point on a loan rate can save you thousands of dollars over the life of the loan. So shop around and play one company against the other to get the best deal including lower closing costs. One final warning, if anyone says they need to pull your credit to give you a quote, run away. That is not necessary, they are just trying to tie you to them. Excessive hard pulls on your credit can impact your credit score.

I refinanced with Aimloan.com 6 months ago, a very easy process that took less than 30 days. Treat this as a project that can save you lots of money over 5 to 10 years and do your research. Many factors will go into your personalized rate, so it really doesn’t matter what rate or costs someone received, your rate and cost will be different (maybe higher, maybe lower). Best of luck.

[Nacoma]

Thanks for the information we appreciate your help!

[LuvtheVillages]

Originally Posted by Nacoma

Hi all, we’re looking to remortgage so we can lower our current interest rate on our home here in The Villages. Does anyone have any recommendations of any local banks and/or mortgage companies here in the area that you would suggest we contact? Thanks all for any help! :-)

We refinanced at Vystar credit union on 466A in Trailwinds. No closing costs. In return, we had to agree to keep the loan active for at least 3 years. Saved thousands of dollars that other places charge for closing costs.

[Radio guy]

Who was your contact person there at Vystar Credit Union?

[kathyspear]

Originally Posted by LuvtheVillages

We refinanced at Vystar credit union on 466A in Trailwinds. No closing costs. In return, we had to agree to keep the loan active for at least 3 years. Saved thousands of dollars that other places charge for closing costs.

I assume you had to pay the state mortgage recording fees? In our case we are being told that will be over $2,000.

k.

[LuvtheVillages]

Originally Posted by kathyspear

I assume you had to pay the state mortgage recording fees? In our case we are being told that will be over $2,000.

k.

No, Vystar paid for that.

[LuvtheVillages]

Originally Posted by Radio guy

Who was your contact person there at Vystar Credit Union?

Talk to the banker at the 466A office. They will answer questions, get you started, and connect you with a mortgage banker at their home office. Documents handled by email. Closing at the local office.

[Stu from NYC]

Originally Posted by LuvtheVillages

Talk to the banker at the 466A office. They will answer questions, get you started, and connect you with a mortgage banker at their home office. Documents handled by email. Closing at the local office.

We recently opened a personal checking account their and dealt with a fellow named David.

Very helpful and down the road a bit when we purchase a new car will consider buying it thru them.

[Stu from NYC]

Originally Posted by LuvtheVillages

Talk to the banker at the 466A office. They will answer questions, get you started, and connect you with a mortgage banker at their home office. Documents handled by email. Closing at the local office.

We recently opened a personal checking account their and dealt with a fellow named David.

Very helpful and down the road a bit when we purchase a new car will consider buying it thru them.

[Kenswing]

Vystar's mortgage rates don't look very competitive. If this chart is current they're at 3.25% with .875 points. Mortgage Loan Rates | VyStar Credit Union

Even Chase can beat that at 2.625% Current Mortgage Rates | Home Lending | Chase.com

[Nucky]

Originally Posted by Kenswing

Vystar's mortgage rates don't look very competitive. If this chart is current they're at 3.25% with .875 points. Mortgage Loan Rates | VyStar Credit Union

Even Chase can beat that at 2.625% Current Mortgage Rates | Home Lending | Chase.com

Don’t worry. When the day comes I got a guy! Perhaps you’ve heard of him? Freddie Fuddpucker from the Mortgage Co of Run, Lie & Deny. They can handle your taxes also!

Just saw a beauty in The Isle of Linden! Ut Oh!

[Dan9871]

Originally Posted by Nucky

Don’t worry. When the day comes I got a guy! Perhaps you’ve heard of him? Freddie Fuddpucker from the Mortgage Co of Run, Lie & Deny. They can handle your taxes also!

Just saw a beauty in The Isle of Linden! Ut Oh!

Didn't he use to work for the Mortgage Co of Dewey, Cheatam, and Howe?

[Nucky]

Originally Posted by Dan9871

Didn't he use to work for the Mortgage Co of Dewey, Cheatam, and Howe?

ONE AND THE SAME!