Looking to Refi my mortgage

I am going through a lender now.

I was contacted by Loandepot after signing up on Lending Tree. They were pretty good. Got me 3.25% for a 20yr, something like $3,000 in fees rolled into the loan. Wondering if I should keep shopping though

Not sure if you guys have Benchmark Mortgage in Louisiana but I just got 2.625% on a 15 year 1400 in closing rolled in loan. They crushed all the big online fintech lenders.

Not sure why you guys keep acting like the closing costs rolled into the mortgage is a good deal. You're still paying for it!

I keep saying this, I got 3.37% before today's drop with a total closing costs of $600 total after lender credits. Most of you will probably be $500 more because you'll need an appraisal, which I didn't.

Never said it was a good deal. It's simply an option for some who'd rather keep the money up front in their pockets.

We owe 354,000 on a 550,000 note, From title $500 plus recording and title insurance reissue rate

I have always gotten a great rate and service at Xplore Federal credit union

I work on the title side so we do tons of closings for both online and local. 95% of the time you will come out better using a local lender. Online lenders fees tend to be a lot higher and they don’t get their stuff together on time.

quote:

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Online use better.com

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They were actually super high for me. Ally, Quicken, my local CU were all lower. I finally locked in almost a full 1% lower.

I’m guessing it’s my credit being average to below maybe. But my local lender (Benchmark) beat them all by a ton.

EDIT: Just double checked again this morning. Better is offering me 3.250% on 15 year fixed with $3.8k in points and 1.7k in closing cost...

Compare that to the local lender who was 2.625% with zero points and around $1.4k in closing cost.

Part of me wishes I would have waited until today to lock in to see if my local lender could have gone down maybe even to 2.5% on a 15 year fixed. But with my credit history I shouldn't be greedy, the rate I have still beats what most of the big boys are advertising online for people with great credit.