Most of us can’t quite grasp the term “forever”. At least, for me, it was not until I signed the mortgage.
Today was merely a reminder – we just closed on a new home. We felt like Ioana’s school was not good enough, so we moved in a neighborhood assigned to Davis Drive Elementary (and Middle).
This will increase my commute by 50%, time-wise (from 10 minutes to 15 minutes). Ha. I’m sorry Todd.
We’re now in the process of beautifying the current house. After the sellers move out (since they’re renting back from us for 6 days), it will be time to repaint the new house. (Technically it’s the older house since it’s built in 1992 as opposed to 1996 – but it’s new to us).
And if you’re looking for a mortgage, a word of advice. Don’t go with E-Trade. I don’t know if they’re terrible all the time or I caught them with their pants down, but closing on Monday and them not having the lending package sent to the attorney by 6PM on Friday was not fun. Me calling the contact numbers I got and not getting through wasn’t either. The guy who processed my application is no longer returning my calls, he must be hiding from me. His manager promissed several times to call back on Friday and never did, and promised to call me back today after 10 minutes and that turned out to be 2 hours. His manager’s manager was helpful, but that was too late already – I was already fed up with them. Yes, they changed their processing to a different company and have backlogs. They told me I was one of the 7 clients in the same situation on Friday. Would you feel more comfortable hearing that? “You think we suck because of what we did to you? We do. But wait, there’s more! We did that to 6 other poor guys!”
Now I’m wating for them to sell the mortgage (because that’s what they said they will do), and not notify me who the lender is. Rumors are sometimes that happens. Just google a bit and you’ll see what I mean. This is shoing the wide range of opinions people have on them. Unfortunately they’re a 1 out of 5 for me.
Hey,
fwiw, I just refinanced with Ing Direct awhile ago – very low closing costs, great rates, etc.
-RN
Oh, and congrats on the new house!
-RN
+1 to the E*Trade comment. I tried to refi with them several years ago. After running into snags of their own which caused them to have to re-peg the rates twice, they then told me that to do it a third time, I would have to pay for it.
I told them where they could stick that refi.
Robin, I wish I went with ING Direct now. I was lured by E-Trade with a lower closing cost and a slightly better rate.
I used eloan for our mortgage refinance about 2 years ago. It was a breeze. Prior to that I used Coastal Federal credit union for our first mortgage.
Sorry to hear of your troubles with eloan. I think you accept the fact that not every company online operates like eloan does. Other companies such as LendingTree are very respectable and leading in their industry. You can view and sample different companies at justwantaquote.com
I totally understand your problems. Unfortunately things like this happen a lot in the mortgage business. The lending business is more of an art than a science and although your case seemed bad Ive seen and heard a lot worse. I highly recommend working with someone local. Check around with friends usually you can find someone who has been doing it for a while and can understand and explain all the pitfalls you may face. Better yet they can often take the time to coach how to avoid these pitfalls. Also many local lenders won’t have the same workload so you can be assured you are receiving good service.
Better luck in the future!