I tired to refinance my out of state investment property once before with the same BIG bank that held the mortgage. I figure I give them the business since they been my bank for 20 years. Long story short, it was a PITA that I cancelled it process. Being out of state, and they in another state, it seem like a lot of the work they are asking me to do. Why am I paying them $1,000 for fees?
I have refinance my personal home in the past many times. That was years and years ago. It was a piece of cake. Basically, they took care of everything. All I did was sign papers. IIRC there was no fees.
I guess that was the "old" days.
I'm thinking of trying to refinance again with Quicken loan. The rates are too low to pass up. Currently paying 7%.
1. Any opinion on Quicken Loans. Their advertising seem agressive.
2. Are they just like the "big banks"?