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Mortgage refinance using online lender

    • 27 posts
    June 12, 2022 9:47 AM EDT

    Anyone ever do a mortgage refinance using one of the various online lenders as opposed to a local lender? If so, how did it work and compare? Any words of advice on things to consider that might not be obvious?

    • 11 posts
    June 12, 2022 11:05 AM EDT

    It's easier to save money

  • June 12, 2022 11:17 AM EDT

    It is worth refinancing a mortgage if another bank offers you a lower loan rate and, as a result, your monthly payment will be less than in the current bank. And yes, if you have a bad credit history, there are delays and fines, then your loan will not be refinanced. In this case, I can recommend you to pay attention to the reverse mortgage. Firstly, for example https://goodlifehomeloans.com/resources/new-lending-limits-for-reverse-mortgages/ here are much wider and you can count on a larger amount of money. You will receive a certain amount of money from the bank every month for "renting" your home. This works if you have a family member over 60, that is, a father or grandfather can do this. But the whole family will benefit and life will be much easier for you.


    This post was edited by Apertuta Apertuta at June 12, 2022 11:18 AM EDT