ST Alpha - "Has anyone refinanced a home loan through one of those third party companies that then sells the loan to a bank?" (Reading a Post)

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Has anyone refinanced a home loan through one of those third party companies that then sells the loan to a bank?

Posted by James Bond (aka Igor) (aka Igor) Dec 20 '10, 17:40

Feel a bit uncomfortable about that but it is like $3000 cheaper than going through say BofA.

Responses:

Even banks sell them. My first mortgage was through a local bank, the second through the credit union. Both were sold before my first payment. -- nm - mara Dec 20, 17:41 8
- Yeah, I figure they all sell. Probably silly of me, but I feel uncomfortable about going through a non-bank. -- nm - James Bond (aka Igor) Dec 20, 17:45 7
  - I think I might too. -- nm - mara Dec 20, 17:47
  - Check out the company and maybe check with a lawyer? -- nm - the liioulu with snow starting Dec 20, 17:46 5
    - this. Google the cmpany, maybe call your BBB and inquire -- nm - Beaker Dec 20, 17:48 4
      - I found some negative reviews online but the BBB gives them an A. -- (link) - James Bond (aka Igor) Dec 20, 17:56 3
        
        Is B of A definitely going to buy the mortgage? They have made 3 serious errors servicing my loan just since September. I used the f word with the - jnine Dec 20, 18:08 2
        
        Bummer. :( They will sell to GMAC or Chase I believe. Currently our mortgage is with BofA, but they are too expensive to refinance with. -- nm - James Bond (aka Igor) Dec 20, 18:14 1
        
        I had no problems when I had Chase. Countrywide was the best until they went bankrupt and I got stuck with B of A. -- nm - jnine Dec 20, 18:16

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