S.Y. asks from Pittsburgh, PA on June 16, 2008
Seeking Re-financing Company...
We are looking to refinance our home soon. We are in the Pittsburgh area. We have been dealing with a sort-of "friend" who never gets back to us, so we are (gulp) looking into companies that are complete strangers to us. Do you know of any reputable, honest, and reasonable mortgage companies in Pittsburgh, or any service that rates them? Thank you!
So What Happened?™
I was asked by a member, "Why refinance? Haven't the rates gone up lately?"
Well, I'lltell ya why....we were paying 8.9%on a 30 year. We just got locked in a 5.75 per cent interest on a 15 year fixed mortgage. The savings amount to $77,110 interest that we will not have to pay.
I think saving almost $80,000 was worthi it, don't you? :)
More Answers
S.A. answers from Pittsburgh on June 17, 2008
I do know of one S.. I have been speaking with a Scott Trout who has been nothing but wonderful helping me get my credit straight in order to buy another home. He is honest and patient and I fully trust him. Give him a call and he will be happy to help you!
PA EQUITY RESOURCES
1-800-480-9992 EXT 3
They are located in Bridgeville
1 mom found this helpful
B.D. answers from Pittsburgh on June 16, 2008
My best advice would be to check the Post Gazette (I think Sunday edition) at the mortgage rate table. It will tell you all the different banks with their rates by term. You can see who has the best rate and contact them directly.
1 mom found this helpful
J.M. answers from Pittsburgh on June 17, 2008
Hi S.,
When I refinanced my home, I ended up doing it through my bank (Citizens Bank). I got a much better rate and avoided a lot of the fees that mortgage companies charge. The only downside is that I had to do a 20 year loan because at the time they didn't offer 30 year loans and they don't take out money for taxes, so you have to pay your realestate taxes yourself. I have also in the past used GMAC mortgage and had good luck with them.
J.
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D.P. answers from Pittsburgh on June 16, 2008
Why refi? Haven't interest rates gone up recently?
We had our mortgage through Dollar Bank and also re-fi'd through them and it was easy.
It doesn't really matter where you go--just get a good rate. Call banks or check the paper. Make sure the closing costs of a re-fi justify the savings in interest.
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