Question by lisa c: I am thinking of refinancing my mortgage.?
Is East West Mortgage a good company to get to refinance your mortgage with?
Answer by kemperk
ask your bank and credit union first
What do you think? Answer below!
They’re very big in New England.
The best company to refinance with is the one that gives you the best package. Many folks focus on interest rate, but there are other things to consider, such as closing costs. Each refinance costs you money, maybe not out of your pocket, but you pay for it. Compare the entire package before you sign on the line.
When refinancing, it’s a good idea to shop around with different mortgage brokers and banks to determine the best rate available to you with your qualifications. Deciding which lender you choose to refinance with is an important decision. Currently, rates can vary (by almost 1%) from lender to lender and also vary by the borrower’s loan details and credit profile. Comparing rates alone may not be the most comprehensive way to comparison shop. Take a look at APRs, closing costs, fees and any other charges that the lender may have. Be sure to fully understand the loan terms and details before moving forward and ask questions about anything you don’t understand. The home loan process can be confusing but you should feel comfortable both with your loan and your lender.
Loan officers at a bank work to sell and process mortgages and other loans. Although they may have a wide variety of loan types to draw from, all loans derive from one lending institution. Mortgage brokers set out to find a lender for you that can work with you based on your credit profile. You may want to talk to both mortgage bankers and banks to compare your loan options and to find someone you feel comfortable with. LendingTree.com can help connect you with both mortgage brokers and banks. Basically, you can fill out one simple form, and LendingTree will do its best to match you with lenders on our network who’ll compete to offer you the best rate. To find out more about LendingTree, visit: