Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
|
||
|
||
Refinancing help!
Has anyone refinanced lately? I know the interest rates are down, and I would love to refinance my existing loan with Citizens while the interest rates are at a all time low. I am now at a 4.6% with Citizens, and they are offering a 3.6% fixed for 30 years, but I was wondering if anyone has used a different bank that had a better interest rate than Citizens? Surely, these other banks would love to beat Citizens rate, and when I asked Citizens about matching a bank with a 3.5%, and they said they could not. I know that there are some other banks in the area that would love to get more of the Villagers money. Any comments would be appreciated.
|
|
#2
|
||
|
||
There is a string of them on 441 with branches on 466 and 301. Wells Fargo, Suntrust, BB&T are just a few.
|
#3
|
||
|
||
Quote:
They refinance lots of loans in the Villages. Everything can be done on line and they send a notary to your house to sign the final papers. |
#4
|
||
|
||
Not answering your question, exactly, but . . .
I closed this morning on a refi with Citizens at 3.75%. That'll result in an almost $300 less monthly payment from my original (dating from Jan '05). Everything went as smoothly as it did almost eight years at my original closing. I just had to sign a "gazillion" papers (sure hope that the progressively deteriorating signature doesn't cause any problems ). That $300 savings will contribute nicely to my on-board cruise bar bills! SWR
__________________
Missouri-Massachusetts-Connecticut-Maine-Missouri-Texas-Missouri-Florida Last edited by swrinfla; 10-11-2012 at 05:17 PM. Reason: change a date |
#5
|
||
|
||
Go ANYWHERE but Citizens! Not only will you be virtually assured of getting a lower rate, but likely you will not get the kind of run-around I got from Citizens.
When I was refinancing recently I was quoted a rate for title insurance which was several hundred dollars higher than it should have been. When the third "Good Faith Estimate" did not correct the figure, I had to ask for a bank manager, explain that title insurance premiums are regulated and uniform in Florida, and threaten to bring an attorney to closing before the figure was corrected. |
#6
|
||
|
||
I agree. Anywhere but Citizens usually will have a lower rate, better closing costs, less arrogant, and helpful. Just based on my experiences and other's inquiries.
|
#7
|
||
|
||
Loan Modification
Ask the bank for a loan modification.
You should pay a small fee (about $500)and keep the terms of your loan except they recalculate payments using the prevailing mortgage rate give 1/8% to 1/4%. I would try Wells Fargo. I called their national number and was extremely impressed. |
#8
|
||
|
||
Ditto on w fargo and ditto on citizens!
|
#9
|
||
|
||
Be sure to get the rates from Insight Credit Union (Across from Sam's on 441). You may find them lower.
__________________
Chicago, Cary, and Champaign, IL Winchester, IN Lancaster, OH Tampa, FL |
#10
|
||
|
||
Reverse Mortgage
Have you considered a Reverse Mortgage? I thought this was a scam until I heard a speaker at a POA meeting. Per the speaker, zip code 32162 is the second highest in the country for Reverse Mortgage. Not for everyone, but worth the look.
|
#11
|
||
|
||
Quote:
|
#12
|
||
|
||
Thanks to all of you for your responses. All I have to now is start calling and checking who might have the lowest interest rate for now.
|
#13
|
||
|
||
Refinancing
Quote:
|
#14
|
||
|
||
Quote:
__________________
Sally Bowron Cincinnati, Ohio; Osceola Hills at Soaring Eagle, TV When God made me he said Ta Da! |
#15
|
||
|
||
Quote:
|
Closed Thread |
|
|