Home refinance request

[Halon]

We did our new house through Wells Fargo, and I cannot recommend to NOT go through them enough. I wish we would have used a local small bank. WF was a complete nightmare, kind of like they're just too big now so the paperwork ends up in so many different peoples hands, different offices all over, total f-in nightmare. They caused us to delay our closing.

So let me know what you find out! Because we may be considering refinancing the townhouse if we decide to keep it as rental property for a long time.

[Tachyon]

Yea, I've heard a lot of horror stories about WF home loans..

So far I've been getting offers around the 3.5% rate for 30yr fixed, I am trying to get a little lower, but word is it's tough to buy the rate down much as interest is on the rise at the moment. It would cost me about $7500 to buy 3.5 down to 3.25% O.o

[rose0529]

Originally Posted by Halon

We did our new house through Wells Fargo, and I cannot recommend to NOT go through them enough. I wish we would have used a local small bank. WF was a complete nightmare, kind of like they're just too big now so the paperwork ends up in so many different peoples hands, different offices all over, total f-in nightmare. They caused us to delay our closing.

So let me know what you find out! Because we may be considering refinancing the townhouse if we decide to keep it as rental property for a long time.

Crazy, we did ours threw Wells and it would totally recommend them. The guy we used was awesome, and totally on top of his game! But that was a first time home buyer FHA loan.