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Vetting mortgage refi companies
We've been getting ads in the mail from a variety of mortgage refinance opportunities and lenders. I get that it's a good thing to vet a few companies if you're thinking of refinancing or getting a home equity line and the like. But, how do you know which companies are reputable? Is it better to pay more with an established lender? Lending Tree is one that we are getting ads from and they look cheap! How do you vet them and how do you know which ones are spam or not?
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C
There seems to be more and more of these companies by the day so I hear you. The two options I would recommend are through personal referrals from your friends, coworkers, neighbors, and also reach out to a few local real estate agents.
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Some might say mortgage brokers are just going to try to sell you right away, but they experience it first hand and can give you really great insights you need. I would also check with the Better Business Bureau (BBB) if you're really worried.
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B
Personal referrals from people you trust and successful realtors.
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@Ben351 I second this!
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