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Capital One Mortgage
Posted on 5/26/16 at 8:55 am
Posted on 5/26/16 at 8:55 am
Yay or Nay? I use their CC and appears I can get 100k points for doing a mortgage through them. But I would like the opinions of some who may have dealt with them before to see if that's worth it or not.
2
Posted on 5/26/16 at 8:59 am to Shepherd88
How much are those points worth? $1000? 500? Just price that in. Generally speaking of its your primary the best rates I've found are with your local credit unions and lenders.
The larger banks are rarely going to have the best rates, but your APR which is your rate to your closing expenses may make it worth it.
The larger banks are rarely going to have the best rates, but your APR which is your rate to your closing expenses may make it worth it.
Posted on 5/26/16 at 9:05 am to Shepherd88
I don't know anything g about Capitol one mortgage, but Wells Fargo just introduced a 3% down mortgage for fixed rate up to 417000.
Posted on 5/26/16 at 9:15 am to baldona
We have the venture card so I believe 100k would be worth $1500 in travel.
Posted on 5/26/16 at 10:23 am to baldona
quote:
APR which is your rate to your closing expenses may make it worth it.
My mortgage is through Capital One.
I went with them because their rate was competitive and they gave me $2000 off the closing cost.
If I were doing it again, I'd shop for the best rate available and go with whoever that might be. I will say that the application process was 100% online/phone through Capital One, so if you would like to meet with someone in person a local lender might be more beneficial for you.
Posted on 5/26/16 at 10:25 am to PurpleGoldTiger
Thanks for the info, PurpleTiger, have you had any complaints with them so far? I see a lot of mixed reviews online in dealing with them.
Posted on 5/26/16 at 1:06 pm to Shepherd88
bump. curious as well
Posted on 5/26/16 at 2:29 pm to Shepherd88
quote:
I see a lot of mixed reviews online in dealing with them.
I didn't really have any communication issues with them during the application process. I was able to get in touch with my loan specialist most days with a single phone call or if not then a voicemail/email and a returned call the following day.
They did need a large number of documents during the underwriting phase to verify all my financial and personal information, but that process didn't seem to be anything out of the ordinary. The best thing I did was I gave myself plenty of time to get the process done so there wasn't a rush at the end to get everything finalized.
I was pre-approved for my price limit before finding a house, had 20% to put down and had a solid credit rating going into the process. I assume that my application was pretty straight forward throughout.
ETA: I haven't had to contact anyone since being officially approved for the loan, so I can't comment on the service going forward after the loan is in place. I'll be changing my insurance carrier within the next year so I sure hope that goes smoothly.
This post was edited on 5/26/16 at 2:32 pm
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