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Started By
Message
Big bank mortgage vs small for RD loans
Posted on 7/17/13 at 12:50 pm
Posted on 7/17/13 at 12:50 pm
Which is the best to go with as far as rates and ease of interaction. I have been talking with a small lender and seem to be beating my head against a wall. Is it worth a shot at a place like chase.
2
Posted on 7/17/13 at 1:13 pm to lsu0005
I went with SWBC in prairieville for my RD. They were great. All RD loans will be a headache, but they made it bearable. Let me know if you want the contact information.
Posted on 7/17/13 at 1:14 pm to lsu0005
CHASE will not do RD loans at their branch locations, yes its stupid but the truth! RD loans are time consuming but Most banks do them and should be easier to deal with than lenders. also you will come out with a better rate RD with a bank over a lender. I work for a bank and i know my RD rate is between 4%-4.25% just depending on the day.
Posted on 7/17/13 at 4:09 pm to hawkeye007
Banks are no good.
Hawk used to be on the correct side of this issue, but has drifted over to the dark side. My hope is one day he could be rescued. LOL
Seriously though, it depends more on the LO more than the institution. Hawk will know what his underwriter, as well as the USDA office will require, ask for it up front and thus remove much of the pain.
Some LO's are afraid to ask for everything needed in the first conversation and then come back over and over as the underwriter requires the items he should have asked for in the 1st place.
You have a couple of options on here, people that will work hard to maintain a stellar reputation on this board.
Good luck.
Hawk used to be on the correct side of this issue, but has drifted over to the dark side. My hope is one day he could be rescued. LOL
Seriously though, it depends more on the LO more than the institution. Hawk will know what his underwriter, as well as the USDA office will require, ask for it up front and thus remove much of the pain.
Some LO's are afraid to ask for everything needed in the first conversation and then come back over and over as the underwriter requires the items he should have asked for in the 1st place.
You have a couple of options on here, people that will work hard to maintain a stellar reputation on this board.
Good luck.
Posted on 7/17/13 at 4:20 pm to novabill
Bill i was seduced by the Dark side but i still remember everything you taught me!
NovaBill was my mentor years ago and still has more knowledge about mortgages than i will ever have!
NovaBill was my mentor years ago and still has more knowledge about mortgages than i will ever have!
Posted on 7/17/13 at 5:42 pm to hawkeye007
Kind words Hawk.
Glad you are doing well.
Are you still a fan of the burnt orange? LOL
Glad you are doing well.
Are you still a fan of the burnt orange? LOL
Posted on 7/17/13 at 10:14 pm to novabill
Y'all remember Dave Harris of Nova?
Posted on 7/18/13 at 9:22 am to novabill
i have moved over to the tigers and i gave up on the democratic party buddy...live changing events!
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