[Rosie53]

You must be excited about your move! We will definitely call when we get down.

[keithwand]

Citizens all the way. Anthony at LSL was great, closing was on time (actually we closed early) and all went very smoothly.

So the rate may be a little higher.

Bet everyone qualifies and the new built homes appraise 100% of the time.

[jmemc46]

closing 10/26, 30 fixed 3.5%

[Single Track]

Originally Posted by SukiChu

Yes, 3.75. We closed on 09/19. Others are a little less, but we feared "others" not getting the paperwork done on time for the closing, or a hurricane, or somthing keeping them from being ready on time. It would have cost us $20,000 not to close on the date The Villages chose for closing! BTW, the rumor is that Citizens has NEVER missed a closing due to some glitch on their end. See you soon! Jan and Steve

I totally agree with you about closing on time. Since I was doing everything long distance via fax, e-mail, FedEx, I didn't want to take any chances. I figured they probably have the mortgages in over half of those in TV, I felt comfortable that things would go smoothly. It was well worth an extra 1/4%to me personally. Everything went without a glitch and I don't have a single regret.

Good luck to those contemplating a purchase.

[tommy steam]

Originally Posted by tag460

We went with BB&t, very pleased with the service and the lowest rate we found anywhere here in the TV 2.75 for a 15 fixed.

bump

[eweissenbach]

Originally Posted by Single Track

I totally agree with you about closing on time. Since I was doing everything long distance via fax, e-mail, FedEx, I didn't want to take any chances. I figured they probably have the mortgages in over half of those in TV, I felt comfortable that things would go smoothly. It was well worth an extra 1/4%to me personally. Everything went without a glitch and I don't have a single regret.

Good luck to those contemplating a purchase.

An additional .25% on a 30 year loan for $200,000 would cost a little over $10,000 over the life of the loan.

[Single Track]

Originally Posted by eweissenbach

An additional .25% on a 30 year loan for $200,000 would cost a little over $10,000 over the life of the loan.

Thanks for the math lesson; however, I still have no regrets for a number of reasons. I can pay it off, thus avoiding the $10,000, or I'll die before I've paid the extra $10,000. No matter as I said before I did the best for me personally.

[jimbo2012]

200K 1/4 point, or less than $1 a day.

[eweissenbach]

Originally Posted by jimbo2012

200K 1/4 point, or less than $1 a day.

Yep - recipe to own a yacht and a few jets etc. 20,000 mortgages @ $1 a day = $7.3 million per year added to the bottom line. just sayin

[mickey100]

Everyone's different. I hear many people go with Citizens because they think things will go more smoothly and they worry about time constraints. As I said, we went with a different company and had absolutely no issues at all, and saved that extra 1/2 percent. There is no way I'd be handing over an extra $10,000 over the life of a loan to a bank (and ultimately to the Morses) if I could help it.

[Roaddog53]

Originally Posted by Villager Dude

BBT is doing a great job and works to earn your business. I would think they are worth talking to as they are growing in the area .

Also went with BB&T. Their rates were much lower than Citizens when I was shopping. (1/4 % as i recall with lower closing costs) Citizens also like a poster said did not return calls and when they finally did they told me they can not quote rates but would make an appointment in 3 days to discuss them. They were "very busy", but they would be "competitive" with others rates. They told me they have 7 to 8 out of 10 of the mortgages in TV. I think most is due to their scare tactics by design team closing people and in your contract that if you don't close on the specified date that it says in the contract, than you pay huge fees. BB&T had no issues with closing on time and tells me they rarely do.

[janmcn]

Originally Posted by Roaddog53

Also went with BB&T. Their rates were much lower than Citizens when I was shopping. (1/4 % as i recall with lower closing costs) Citizens also like a poster said did not return calls and when they finally did they told me they can not quote rates but would make an appointment in 3 days to discuss them. They were "very busy", but they would be "competitive" with others rates. They told me they have 7 to 8 out of 10 of the mortgages in TV. I think most is due to their scare tactics by design team closing people and in your contract that if you don't close on the specified date that it says in the contract, than you pay huge fees. BB&T had no issues with closing on time and tells me they rarely do.

My design team person on my first house even told me he would not go out of his way to accomodate another bank in handling the closing of my house on time. In spite of his lack of cooperation, SunTrust closed on time without a hitch.

[keithwand]

We need the tax deductions so OK if the Morses get another yacht or plane.

[salpal]

it's posted on their web site

[tommy steam]

Originally Posted by janmcn;56***6

My design team person on my first house even told me he would not go out of his way to accomodate another bank in handling the closing of my house on time. In spite of his lack of cooperation, SunTrust closed on time without a hitch.

I would think that some how the design team gets some kind of kick back, if their bank gets the loan.