Does anyone have experience w/ mortgages thru lending tree? & those they reccomend?llive in nyc and go?

Question:

I got a list of banks, some in nyc, but have never heard of them. THey offer about 6.25% on a 30 year fixed, and most everyone else is offering 6.62 or higher. So I wonder what gives. 30 day lock, no origination fees, no points. etc.

I am also wondering about e-loan but their rates are higher as well. Does nayone know how to sort thru this?

Thanks

Answer:
most bankers do not charge points however they all charge origination fees the GFE and till may say none but the final papers will. To close a loan (new or refin)in NYC will be anywhere from 3.5 to 5 percent of the money that you borrow. If they offering 6.25 you are going to paid to get that rate(they call loan discount).If everyone tells you 6.62(that's the rate right now) run away from 6.25 any question ? johng@oldmerchants.com

yes ask each lender to send youa good faith estamate and till

Does anyone have experience w/ mortgages thru lending tree? & those they reccomend?llive in nyc and go?

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