What lender has the best rate on a 30 year fixed refi?

Asked by Pat37m, San Diego, CA Thu Oct 4, 2012

I owe $372K. Home was appraised at $440K in 2009.

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8
Hector Gaste…, Agent, Coronado, CA
Fri Oct 5, 2012
The cheapest lender is not always the best lender. Go with someone you can trust and feel like you have build a lasting business relationship.

Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
hectorgastelum@yahoo.com
619-954-2225
125*142*10754
efax 619-270-2516
0 votes
Steven Ornel…, Agent, Fremont, CA
Thu Oct 4, 2012
Hi Pat37m,

"What lender has the best rate on a 30 year fixed refi?"

Truth be told, this can change on a daily basis. If you really want to understand why the review each of these docs:
http://docs.Steven-Anthony.com/SAR-HowMortgageRatesAreDeterm…
http://docs.Steven-Anthony.com/RateShopping-DoItRight.pdf

Now, as far as whom you should target to find the "best rate" take a look at:

"Retail Banks vs. Mortgage Broker/Bankers"
http://tinyurl.com/6qln6nd

Personally, I only work with Mortgage Broker/Bankers.

Best Regards, Steve
0 votes
My NC Homes…, Agent, Chapel Hill, NC
Thu Oct 4, 2012
Too many unknown variables in your question. Depends on your credit score, assets and income. Also depends on the equity you've got in your home. An appraisal form 2009 is more or less meaningless your home could be worth more or less right now, I'm not familiar enough with the San Francisco market to say. The best advise is to contact a few local lenders (including a credit union if you've access to one) and get some quotes. Be certain to factor in any charges and don't just focus on the rate.
0 votes
Jerry Heard, Agent, San Diego, CA
Thu Oct 4, 2012
Pat
Here are some lenders that I work with http://www.thesandiegopropertyshop.com/Mortgage-Information
Call them and tell them I recommended them to you and they will get you the best rates that they have available
0 votes
Ryan Bourda, Agent, San Diego, CA
Thu Oct 4, 2012
I agree with Lance, shop around and see what they each offer. Be sure to pay close attention to the loan costs.

Try PHH Home Loans and Nancy Overcash. How can you go wrong with a loan officer named Overcash? Her number is 858-752-4989. She's a direct lender and has come through for clients many times in the past.

Good Luck,
Ryan Bourda
Coldwell Banker
0 votes
Lance King, Agent, San Francisco, CA
Thu Oct 4, 2012
The short answer is it depends. Get 2 or three referrals for local lenders and shop around.
0 votes
Kari Shea, Agent, San Diego, CA
Thu Oct 4, 2012
Hi Pat,

It depends on many factors. The best thing you can do is call a couple of lenders, we would recommend Justin or Chaz at Guaranteed Rate as they are a direct lender and easy to work with.

You can reach them at 858-731-6118

Best of luck,

Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego
0 votes
Rich Homer, Agent, NAPLES, FL
Thu Oct 4, 2012
Best to look for a local Mortgage Broker under "Find a Pro in the header of this website. http://www.NaplesRealEstateGuys.com
0 votes
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