Posts Tagged ‘Refinance’
Haven’t Refinanced Yet? You’re Not Alone.
According to Steve Deggendorf, a director in Fannie Mae’s economic and strategic research, between 40%-50% of Americans with a mortgage have never refinanced and have an average mortgage rate around 6%. Since there are roughly 50 million mortgages outstanding, that means 20 million-plus households could potentially refinance. Fannie Mae’s national housing survey lists the top…Read Full Article
TD Bank Strikes Again
It isn’t all that uncommon for a purchase closing to be delayed due to an issue with the buyer’s mortgage company. Problems with the appraisal, an insurance issue or a buyer that is slow providing all of the required paperwork, just to name a few. Last Friday, we were scheduled to handle a closing in…Read Full Article
Should I Pay a Broker’s Service Fee?
If you’ve sold or purchased a house in the last ten years or so, you most likely paid your real estate broker/agent a conveyancing fee or flat fee commission. This broker service fee ranges from $150 to $500, an amount due in addition to the base commission on the sale or purchase. With several different…Read Full Article
The truth about real estate’s Controlled Business Relationships
We recently received an email from a potential customer who was trying to be an informed consumer and get a fair deal on a mortgage. Here’s the opening line: “I’m considering a refinance to shorten term and lower rate. Lenders are unable to provide any kind of transparency (or patience) with questions on fees.” Unfortunately,…Read Full Article
TD Bank Responds
A quick update to last week’s TD Bank story. TD saw our post about a client’s very frustrating experience when refinancing with their bank. Within an hour or two of seeing the post, TD follows ALT Title on Twitter and reaches out to us: “@ALTTITLE Saw ur tweet. We appreciate your feedback & we’d like to connect…Read Full Article
TD Bank…America’s Most Frustrating Bank
If you need to know the time and temperature while you’re watching Jimmy Kimmel, cashing a check or depositing a jar of coins on a Sunday morning, TD Bank might just be the bank you’re looking for. If you’re trying to refinance your mortgage, they may just have you looking for a bridge to jump…Read Full Article