Quote:
Originally Posted by widebody911
I looked at my CU's numbers, and they're horrible compared to what I'm seeing out in the wild. The best they had was a 4.0 with $6400 in points and closing costs.
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Smaller credit unions often do only finance their own ARMs and not the fixed rate mortgages. The fixed rate mortgages often go to an umbrella organization where loans are pooled.
That said, isn't it food for thought that a non-profit can give you 4% with considerable closing costs and the leaches over the phone can beat that all day long working at for profit outfits?
I'd still change my phone number and go see my CU. You will still save money and will deal with a brick and mortar place, not some guy in his underwear calling you from his home office who will sell time shares 2 weeks from now.
JMHO!
G