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Mortgage Refinance from "non-traditional" lenders

Posted on 3/5/13 at 5:05 pm
Posted by Vlad The Inhaler
Moose Jaw, SK
Member since Sep 2008
3160 posts
Posted on 3/5/13 at 5:05 pm
My mother-in-law, who's impulsive and uniformed, was told by someone who is actually quite savvy to refinace though this seemingly random internet site. It seems to have worked out fine, but again, she doesn't know what she's doing.

LINK

I don't see any major red flags, but what would be the danger in at least contacting an outfit like this? Any experience with something similar. Low rates, "no" closing costs, etc.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/5/13 at 6:33 pm to
Go to penfed.org. They are legit and have rates just as good if not better. I have my mortgage and HELOC with them today.

It's a credit union so you have to qualify but all you need to do is pay like $20 to join a nonprofit and you're eligible.
Posted by Vlad The Inhaler
Moose Jaw, SK
Member since Sep 2008
3160 posts
Posted on 3/6/13 at 11:10 am to
thanks
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