Don't be fooled by low online mortgage rates
One of the most important jobs I have as a Realtor is to insure a smooth transaction when a client buys a home and nowhere can a transaction get more messed up than in the mortgage process.
It's just one of the reasons that I insist that clients use one of my preferred local mortgage lenders who I know are both reliable and ethical.
And since I work with a lot of clients who are relocating to Charleston, once in a while someone wants to use a lender from where they're from and more often than not, it doesn't go as smoothly as all of us might have hoped.
Having said that, at least when clients are buying a home in Charleston, I have a little bit of control and can offer guidance. That isn't the case when someone refinances.
There are a lot of mortgage ads on the Internet. Like the one pictured above, they're generally look too good to be true and you know what they say about that.
M.P. McQueen writing for the Wall Street Journal and published by Yahoo! Finance (where this ad also happened to be placed and I added the NO symbol to the screenshot) wrote, Refinancing: Whom Can You Trust? and one sentence caught my attention.
“Many popular Web resources, in fact, are financed by lenders, mortgage brokers or "lead generators" that connect borrowers with banks. At times, their advice can be downright harmful.”
And there is a lot of good advice in the article regarding whether or not you should be refinancing as well.
Bottom line, don't be fooled by low online mortgage rates and if you are going to refinance, ask me for the names of several of my preferred lenders. I'm happy to help you get great service and the lowest possible mortgage rates.