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Andromeda Mortage

Posted on 6/1/12 at 10:51 am
Posted by blades8088
Covington
Member since Nov 2008
4298 posts
Posted on 6/1/12 at 10:51 am
Has anyone gotten a loan through Andromeda? I was wondering who did they sell your loan off to? Is it pretty much 1 company or do they sell of to many?
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 6/1/12 at 2:00 pm to
Based on a casual google search, they sound like they are actually originators and not really lenders, which would mean that your loan could be funded by anyone.

Why are you concerned with who will ultimately own the loan?
Posted by blades8088
Covington
Member since Nov 2008
4298 posts
Posted on 6/1/12 at 3:13 pm to
Not concerned. Just kind of curious
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82217 posts
Posted on 6/1/12 at 8:13 pm to
I have a mortgage through Andromeda. They aren't actually the company who holds your loan; that goes to GMFS (which is where I made my first mortgage payment last week). They did tell me that my loan could be sold to a few different places, and that would have zero effect on me.
Posted by blades8088
Covington
Member since Nov 2008
4298 posts
Posted on 6/1/12 at 9:40 pm to
I remember you said DSLD built you a home. What sub are you in?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82217 posts
Posted on 6/1/12 at 11:20 pm to
Lexington Place....the sub is up to about 50% sold right now. About 15 lots sold in the past 5 or 6 weeks so it is coming along quickly
Posted by Will Cover
Davidson, NC
Member since Mar 2007
40261 posts
Posted on 6/2/12 at 8:09 am to
quote:

Lexington Place.


Very nice place.

My wife and I looked in there. The only reason why we not chose to build there is because of EBR school district - would have had to place my children in private school.

Other than that, it is a great neighborhood - really nice houses out there.
This post was edited on 6/2/12 at 8:10 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82217 posts
Posted on 6/3/12 at 7:45 pm to
I think you may be confusing two subdivisions...the one I built in is Mandeville
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